AI Code Editor Startup Anysphere Raises $900M at $9B Valuation, Revenue Hits $200M
Summary
AI code editor startup Anysphere skyrockets to $9 billion valuation after raising $900 million, with its Cursor platform generating $200 million in annual revenue by helping developers write code through natural language AI chatbots.
Key Points
- Anysphere raises $900 million in funding led by Thrive Capital, valuing the AI code editor company at $9 billion, up from $2.5 billion in January
- The startup's Cursor code editor generates $200 million in annual recurring revenue using AI chatbots that help developers write and modify code through natural language prompts
- Anysphere plans to develop custom AI models including mixture of experts algorithms to reduce reliance on external providers like OpenAI and boost profit margins