Anysphere Raises $900 Million At $9.9 Billion Valuation Led By Thrive Capital

Anysphere has raised $900 million in a financing round led by Thrive Capital, achieving a valuation of $9.9 billion. This significant investment comes as the company completes its third fundraise within a year, with no earnout considerations mentioned.

Summary of transaction details:

• Deal Type: Investment
• Transaction Amount: $900,000,000
• Valuation: $9,900,000,000
• Annual Recurring Revenue: Over $500,000,000
• Key Executives: Michael Truell (CEO)
• Notable Investors: Thrive Capital, Andreessen Horowitz, Accel, DST Global

Founded three years ago, Anysphere has quickly established itself in the AI coding assistant market with its product, Cursor. The company has witnessed rapid growth, doubling its revenue approximately every two months, and attracting both individual and enterprise users with its tiered pricing model. Notably, Anysphere has declined acquisition offers from industry leaders, including OpenAI.