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AI coding startup Anysphere raises $900 million, led by Thrive Capital with participation from a16z and others.
Gate News bot news, AI programming assistant Cursor developer Anysphere has completed a $900 million financing round, led by Thrive Capital, with participation from a16z, Accel, and DST Global.
Anysphere's total financing amount has thus exceeded 1 billion dollars, and its valuation has risen to 9.9 billion dollars.
The company was established in 2023 and offers Cursor services through a subscription plan. Cursor has over 1 million daily active users, with more than half of the Fortune 500 companies using the platform.
Anysphere has recently shifted its business focus towards enterprise sales, which has become the company's main source of revenue. The company reported that in just 14 months since its establishment, its annualized revenue has exceeded $500 million, with annual recurring revenue reaching $100 million.
Source: TechinAsia