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May 5, 2025 - Deals
Anysphere Raises $900 Million At $9 Billion Valuation Led By Thrive Capital And Others
Anysphere, the AI startup behind the coding tool Cursor, has reportedly raised $900 million at a $9 billion valuation in a new funding round led by Thrive Capital, with participation from Andreessen Horowitz (a16z) and Accel. Co-founded by former MIT student Michael Truell, Anysphere has now raised over $1 billion in total, building on its rapid ascent in the competitive AI coding space. Existing backers like Index Ventures and Benchmark are said to be vying to deepen their stakes, reflecting surging investor interest amid growing momentum in developer-focused AI tools.
INVESTORS: Thrive Capital, Andreessen Horowitz (a16z), Accel, Index Ventures, Benchmark & OpenAI
AMOUNT: $900,000,000
VALUATION: $9,000,000,000
HQ: #SanFrancisco #California
#VentureCapital #Anysphere #ThriveCapital #AndreessenHorowitz #a16z #Accel #IndexVentures #Benchmark #OpenAI #MichaelTruell #TradedVC
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Micron Technology Launches $250 Million Venture Fund To Support AI StartupsMicron Technology has launched a $250 million Micron Ventures Paradigm Fund, its third and largest venture fund, bringing its total venture capital commitment to $550 million. The fund will back startups across AI model architecture, data infrastructure, in-memory computing, networking, enterprise AI and robotics, alongside Micron’s separate $10 billion, decade-long research initiative modeled after Bell Labs; CEO Sanjay Mehrotra announced both efforts as part of the company’s push to make memory a core pillar of AI infrastructure.
FOUNDERS: Ward Parkinson, Joe Parkinson, Dennis Wilson and Doug Pitman
AMOUNT: $250,000,000
HQ: Boise, Idaho
#VentureCapital #MicronTechnology #MicronVenturesParadigmFund #TradedVC
Mantel Capture Raises $18 Million In Series A Extension Led By CEO Cameron HallidayMantel Capture has raised $18 million in a Series A extension, CEO Cameron Halliday, bringing fresh capital to its carbon capture technology. The company plans to raise between $50 million and $200 million next year, signaling plans for a significant expansion, though it has not disclosed the investors in the latest round or how the new funding will be deployed.
FOUNDERS: Cameron Halliday, Danielle Colson, Sean Robertson, T. Alan Hatton & Takuya Harada
ROUND: Series A
AMOUNT: $18,000,000
HQ: Cambridge, Massachusetts
#VentureCapital #MantelCapture #CameronHalliday #TradedVC