Anysphere, the developer behind the AI-powered code editor Cursor, has attracted investor proposals to double its valuation to between $18 billion and $20 billion, only a month after securing $900 million at a $9.9 billion valuation.
Founded in 2023, the company has already achieved an impressive $500 million in annual revenue, cementing its status as one of the fastest-growing startups in history.
Also read:
- Google Faces EU Antitrust Complaint Over AI Overviews Feature
- Scale AI Faces Client Exodus After Meta Deal, Raising Data Privacy Concerns
- Midjourney Unveils V1: The First Video Generation Model from the Company
Despite the lucrative offers, Anysphere is not currently planning to raise new capital, choosing instead to focus on product development. However, with its rapid growth trajectory and favorable financing conditions, the company may reconsider its stance, leaving room for potential future investment rounds.
Author: Slava Vasipenok
Founder and CEO of QUASA (quasa.io) - Daily insights on Web3, AI, Crypto, and Freelance. Stay updated on finance, technology trends, and creator tools - with sources and real value.
Innovative entrepreneur with over 20 years of experience in IT, fintech, and blockchain. Specializes in decentralized solutions for freelancing, helping to overcome the barriers of traditional finance, especially in developing regions.
This is not financial or investment advice. Always do your own research (DYOR).
