Anysphere Rejects Buyout Offers as AI Coding Tool Soars

Anysphere has quickly become a leading player in the AI coding assistant space thanks to the rapid rise of its flagship product Cursor. With its revenue doubling every two months and annual recurring revenue now averaging approximately $300 million, the company is not interested in acquisition talks even from industry giants.

Interest in Cursor has surged, attracting multiple unsolicited acquisition offers including an approach from OpenAI, maker of ChatGPT. Sources familiar with the company note Anysphere walked away from early conversations, firmly committed to remaining independent instead of selling to larger competitors.

Rising Valuations and Fierce Competition

Anysphere is actively seeking new funding at a staggering $10 billion valuation, reflecting strong investor confidence. As the company focuses on growth, OpenAI continues its search for promising AI coding startups, having recently engaged with more than 20 companies in this sector.

In pursuit of the next prominent tool, OpenAI set its sights on Windsurf, a rival growing at an impressive pace. Windsurf, though smaller with $100 million in annual revenue up from $40 million only months prior, has seen its popularity increase among developers due to its focus on legacy enterprise systems.

Neither Windsurf nor OpenAI offered comment on the recent acquisition activity. Meanwhile, OpenAI’s eagerness to acquire an established coding assistant highlights industry shifts driven by rising competition and new pricing models from major players like Google Gemini and DeepSeek.

As alternative companies such as Anthropic and Google roll out advanced AI models, OpenAI faces mounting pressure to attract developers choosing platforms for coding tasks. Industry experts speculate that OpenAI’s drive to acquire established apps is a crucial move as the landscape for AI powered development tools heats up.

Venture capital investors are watching these developments closely, anticipating how acquisition strategies will shape the next evolution in developer AI tools. With demand growing and performance benchmarks rising, staying ahead is essential for tech leaders seeking dominance in this competitive field.