AI programming assistant Cursor, under the umbrella of Anysphere, has successfully raised $900 million in funding, valuing the company at $9.9 billion. This marks the third round of financing for the company within just one year, highlighting its astonishing revenue growth rate.
Anysphere, which was founded only three years ago, has already achieved an annualized recurring revenue (ARR) exceeding $500 million, a 60% increase from the $300 million reported in April this year. It is known that the company's ARR approximately doubles every two months, which has drawn significant attention from investors. This round of financing was led by Thrive Capital, with participation from renowned venture capital firms such as Andreessen Horowitz, Accel, and DST Global.
The AI programming assistant, also known as the "atmosphere coder," has become one of the most popular types of AI applications, with Cursor leading the field. Cursor offers tiered pricing options, allowing users to enjoy a two-week free trial before choosing either the Professional Plan at $20/month or the Business Plan at $40/month.
According to Bloomberg, the company's early revenue primarily came from individual user subscriptions. However, Anysphere has now begun offering enterprise licenses, enabling companies to purchase the application for their teams at a higher price. This move not only expands the market coverage but also creates new revenue streams for the company.
Despite receiving acquisition offers from potential buyers like OpenAI earlier this year, Anysphere chose to decline these proposals. OpenAI recently acquired another rapidly growing AI assistant, Windsurf, for a staggering $3 billion.
Anysphere's rapid rise showcases the immense market potential in the AI sector and the enthusiasm of enterprises investing in this field.
Key Points:
- 🚀 Cursor, under Anysphere, achieves a valuation of $9.9 billion with annual revenue exceeding $500 million.
- 💼 The company introduces enterprise licensing, expanding the market and increasing revenue sources.
- ❌ Anysphere turns down acquisition offers from companies like OpenAI, continuing independent development.
