Cursor, the artificial intelligence powered coding assistant created by Anysphere, has just grabbed an eye-popping $900 million in new funding, as confirmed by several investors close to the matter.
This latest investment round, which sets Anysphere’s value at a hefty $9.9 billion, saw Thrive Capital at the forefront again, joined by well known players like Andreessen Horowitz, Accel and DST Global. The latest investment round marks the third time in under twelve months that Anysphere has reeled in outside investment. The young company, just three years old, last secured $100 million at a $2.5 billion valuation toward the end of last year.
Surge in demand for artificial intelligence based coding help—widely called vibe coders—has propelled Cursor to the top of its class. A person with insight into the company’s numbers says revenue has more than doubled every couple of months.
Growth at this pace has pushed Anysphere past $500 million in annual revenue, a dramatic leap from $300 million reported not long ago. Cursor’s strategy relies on luring in developers with a two week free trial, then converting them into paying customers. Choices range from a $20 per month pro option to a business tier at $40 a month.
Anysphere Expands Into Enterprise Clients
Until recently most money came from individual users, but now Anysphere is turning its attention to business clients by rolling out company-wide licenses. These cost more than personal subscriptions and are gaining traction as organizations look for reliable, scalable coding help backed by artificial intelligence.
Big names in tech have shown interest, too. Earlier this year, Anysphere fielded acquisition offers, including one from ChatGPT maker OpenAI.
OpenAI, instead, bought another artificial intelligence assistant company called Windsurf for $3 billion. Yet, Anysphere opted to remain independent, betting that its surging revenue and growing client list would prove more valuable in the long run.
Meanwhile, artificial intelligence search is having its own boom. Perplexity’s chief Aravind Srinivas noted at a technology summit this week that their platform handled a staggering 780 million user queries in May alone, and continues to see double digit monthly growth.
Srinivas predicts that, at this pace, Perplexity could hit a billion weekly searches within just a year. Since launching with barely a few thousand queries on a single day in 2022, the company now processes thirty million daily.
He explained that the launch of Perplexity’s upcoming Comet browser aims to transform how people interact with artificial intelligence by moving beyond answers to actually executing user tasks. By embedding artificial intelligence deeper into the browsing experience, Srinivas envisions turning the browser into a kind of cognitive operating system—one that assists not just with information, but with actions that streamline how people live on the web. For more on this funding milestone, see Anysphere secures $900 million investment.
