Anysphere, the company behind Cursor, has secured new funding of $900 million at a valuation of $9.9 billion. This significant investment from Thrive, Accel, Andreessen Horowitz, and DST will support Anysphere’s mission to push the boundaries of AI coding research.
As part of this deal, it was revealed that Cursor has reached $500 million in annual recurring revenue (ARR) and is used by over half of the Fortune 500 companies, including tech giants like NVIDIA, Uber, and Adobe. This growth demonstrates the success of Anysphere’s innovative approach to coding.
The new funding will enable Anysphere to further accelerate its research and development efforts. Founded with the goal of creating a better way to code, the company is now poised to execute on its ambitious vision for AI coding innovation.
Source: https://www.cursor.com/en/blog/series-c