Artificial intelligence is becoming increasingly popular in the tech world, and the startup Anysphere, developer of the AI coding assistant Cursor, is no exception. The company successfully completed a funding round totaling $900 million, raising its valuation from $2.6 billion in December to an impressive $9 billion.
This is reported by Business • Media
According to Financial Times, the funding round was led by Thrive Capital, with participation from notable investors such as Andreessen Horowitz (a16z) and Accel. While the details of the deal and the intended use of the raised funds have not been disclosed, other companies, including Index Ventures and Benchmark, have also shown interest in the project. However, at the time of writing, it is unclear whether they participated in this round.
Anysphere’s Financial Growth
The startup’s valuation increased due to positive financial performance. In January 2025, the annual recurring revenue (ARR) was around $100 million, but by March, this figure had doubled. At that time, approximately 1 million people were using the Cursor app daily.
Previous Funding Rounds and Future Plans
In December 2024, Anysphere also completed a Series B round, raising $100 million at a valuation of $2.6 billion, which was also led by Thrive Capital. According to Bloomberg reports, in early March 2025, the company was preparing for new funding that could raise its valuation to $10 billion. However, neither Anysphere nor Thrive Capital is currently commenting on this information.
It was previously reported that another AI startup, Safe Superintelligence (SSI), raised $2 billion. It was founded by a co-founder of OpenAI, the developer of ChatGPT.