🖼 Cursor, the "Hottest AI Programming Software", Is Being Chased by Money for Investment

The Hottest AI Programming Software, Cursor, Is Being Chased by Money for Investment

The explosive popularity of "the hottest AI programming software" - Cursor has made Anysphere a target frantically pursued by capital. It just completed a financing with a valuation of $9.9 billion at the beginning of the month, and now there are valuations of $18 - 20 billion waiting for investment.

On June 18, Bloomberg reported, citing people familiar with the matter, that in recent weeks, investors have approached Anysphere to discuss a financing agreement that would value the startup at $18 - 20 billion. The people familiar with the matter revealed that the company did not actively seek a new round of financing, but investors took the initiative to approach.

Michael Truell, CEO of Anysphere, previously revealed that more than half of the Fortune 500 companies use Cursor, and the daily active users exceed 1 million. Well - known companies such as OpenAI, Spotify, Major League Baseball, and Instacart are all its users.

The company, founded in 2023, has an annualized revenue of over $500 million and is hailed by Silicon Valley investors as "the startup with the fastest revenue growth in history."

Although the company is not short of cash at present, considering the favorable financing conditions, Anysphere may choose to increase more capital reserves.

As previously mentioned in an article by Wall Street Insights, Anysphere just completed a $900 - million financing led by Thrive Capital at the beginning of this month, with Andreessen Horowitz, Accel, and DST Global participating in the investment. After the financing, its valuation reached $9.9 billion.

The core driving force behind the explosive growth of this company is the AI code - editing software Cursor developed by it. This product has triggered a "Vibe Coding" trend in the developer community, meaning how it makes the programming process smooth, natural, and even "as easy as a conversation," and greatly improves the efficiency of regular software developers.

Despite its rapid growth, Anysphere faces fierce competition. Its main competitors include GitHub Copilot and Amazon CodeWhisperer. It is worth noting that one of its biggest competitors, Windsurf, has agreed to be sold to OpenAI for $3 billion, although the deal has not been finalized yet.

via cnBeta.COM - Chinese Industry Information Station (author: Source: Wall Street Insights)