Latest news with #Anysphere
Yahoo
11 hours ago
- Business
- Yahoo
Cursor's Anysphere nabs $9.9B valuation, soars past $500M ARR
Anysphere, the maker of AI coding assistant Cursor, has raised $900 million at a $9.9 billion valuation, Bloomberg reported. The round was led by returning investor Thrive Capital, with participation from Andreessen Horowitz, Accel, and DST Global. The massive round is Anysphere's third fundraise in less than a year. The 3-year-old startup secured its previous capital haul of $100 million at a pre-money valuation of $2.5 billion late last year, as TechCrunch was first to report. AI coding assistants, often referred to as "vibe coders," have emerged as one of AI's most popular applications, with Cursor leading the category. Anysphere's annualized revenue (ARR) has been doubling approximately every two months, a person familiar with the company told TechCrunch. The company has surpassed $500 million in ARR, sources told Bloomberg, a 60% increase from the $300 million we reported in mid-April. Cursor offers developers tiered pricing. After a two-week free trial, the company converts users into paying customers, who can opt for either a $20 Pro offering or a $40 monthly business subscription. Until recently, the majority of the company's revenue came from individual user subscriptions, Bloomberg reported. However, Anysphere is now offering enterprise licenses, allowing companies to purchase the application for their teams at a higher price point. Earlier this year, the company was approached by OpenAI and other potential buyers, but Anysphere turned down those offers. The ChatGPT maker bought Windsurf, another fast-growing AI assistant, reportedly for $3 billion. This article originally appeared on TechCrunch at Sign in to access your portfolio
TechCrunch
13 hours ago
- Business
- TechCrunch
Cursor's Anysphere nabs $9.9B valuation, soars past $500M ARR
Anysphere, the maker of AI coding assistant Cursor, has raised $900 million at a $9.9 billion valuation, Bloomberg reported. The round was led by a returning investor Thrive Capital, with participation from Andreessen Horowitz, Accel and DST Global. The massive round is Anysphere's third fundraise in less than a year. The three-year-old startup secured its previous capital haul of $100 million at a pre-money valuation of $2.5 billion late last year, as TechCrunch was first to report. AI coding assistants, often referred to as 'vibe coders,' have emerged as one of AI's most popular applications, with Cursor leading the category. Anysphere's annualized revenue (ARR) has been doubling approximately every two months, a person familiar with the company told TechCrunch. The company has surpassed $500 million in ARR, sources told Bloomberg, a 60% increase from the $300 million we reported in mid-April. Cursor offers developers tiered pricing. After a two-week free trial, the company converts users into paying customers, who can opt for either a $20 pro-offering or a $40 monthly business subscription. Until recently, the majority of the company's revenue came from individual user subscriptions, Bloomberg reported. However, Anysphere is now offering enterprise licenses, allowing companies to purchase the application for their teams at a higher price point. Earlier this year, the company was approached by OpenAI and other potential buyers, but Anysphere turned down those offers. The ChatGPT maker bought Windsurf, another fast-growing AI assistant reportedly for $3 billion.
Bloomberg
18 hours ago
- Business
- Bloomberg
Anysphere, Hailed as Fastest Growing Startup Ever, Raises $900 Million
By and Kate Clark Save The artificial intelligence rush has enabled some small startups to grow very big very quickly. But by some estimates, none have grown as fast as Anysphere Inc., maker of the popular AI coding assistant Cursor, which has surpassed $500 million in annualized revenue, the company said. Now, the three-year-old startup has raised $900 million to help drive that growth, Anysphere plans to announce on Thursday. That will bring its valuation to $9.9 billion, including the new capital, underscoring investor enthusiasm for what Silicon Valley sees as one of most promising applications of generative AI thus far.
TechCrunch
2 days ago
- Business
- TechCrunch
Mistral releases a vibe coding client, Mistral Code
French AI startup Mistral is releasing its own 'vibe coding' client, Mistral Code, to compete with incumbents like Windsurf, Anysphere's Cursor, and GitHub Copilot. Mistral Code, a fork of the open source project Continue, is an AI-powered coding assistant that bundles Mistral's models, an 'in-IDE' assistant, local deployment options, and enterprise tooling into a single package. A private beta is available as of Wednesday for JetBrains development platforms and Microsoft's VS Code. 'Our goal with Mistral Code is simple: deliver best-in-class coding models to enterprise developers, enabling everything from instant completions to multi-step refactoring through an integrated platform deployable in the cloud, on reserved capacity, or air-gapped on-prem GPUs,' Mistral wrote in a blog post provided to TechCrunch. AI programming assistants are growing increasingly popular. While they still struggle to code quality software, their promise to boost coding productivity is pushing companies and developers to rapidly adopt them. One recent poll found that 76% of devs used or were planning to use AI tools in their development processes last year. The Mistral Code client and dashboards. Image Credits:Mistral According to Mistral, Mistral Code is powered by a combination of in-house models including Codestral (for code autocomplete), Codestral Embed (for code search and retrieval), Devstral (for 'agentic' coding tasks), and Mistral Medium (for chat assistance). The client supports more than 80 programming languages and a number of third-party plugins, and can reason over things like files, terminal outputs, and issues, Mistral says. Mistral claims that customers including consulting firm Capgemini, Spanish and Portuguese bank Abanca, and French national railway company SNCF are using Mistral Code in production. 'Customers can fine-tune or post-train the underlying models on private repositories or distill lightweight variants,' Mistral explains in its blog post. 'For IT managers, a rich admin console exposes granular platform controls, deep observability, seat management, and usage analytics.' Techcrunch event Save now through June 4 for TechCrunch Sessions: AI Save $300 on your ticket to TC Sessions: AI—and get 50% off a second. Hear from leaders at OpenAI, Anthropic, Khosla Ventures, and more during a full day of expert insights, hands-on workshops, and high-impact networking. These low-rate deals disappear when the doors open on June 5. Exhibit at TechCrunch Sessions: AI Secure your spot at TC Sessions: AI and show 1,200+ decision-makers what you've built — without the big spend. Available through May 9 or while tables last. Berkeley, CA | REGISTER NOW Mistral says that, going forward, it plans to continue making improvements to Mistral Code and contribute a least a portion of those upgrades to the Continue open source project. Image Credits:Mistral Founded in 2023, Mistral is a frontier model lab aiming to build a range of AI-powered services including a chatbot platform, Le Chat, and mobile apps. It's backed by VCs like General Catalyst, and has raised over €1.1 billion (roughly $1.24 billion) to date. A few weeks ago, Mistral launched the aforementioned Codestral, Devstral, and Mistral Medium models. Around the same time, the company rolled out Le Chat Enterprise, a corporate-focused chatbot service that offers tools like an AI agent builder and integrates Mistral's models with third-party services like Gmail, Google Drive, and SharePoint.
India Today
2 days ago
- Business
- India Today
Amazon is likely to adopt a new AI coding tool, here is how employees are reacting
Amazon is considering officially adopting Cursor, a fast-growing AI coding assistant, after strong interest from its own employees. Internal messages reviewed by Business Insider reveal that many Amazon staffers have been asking about using Cursor at work. In response, a senior HR manager confirmed that the company is in discussions with Cursor's team and hopes to bring it in soon, though some security-related checks are still HR official mentioned that while Cursor must meet Amazon's strict safety standards, there is hope it will be approved for internal use. This is interesting because Amazon usually avoids third-party AI tools, especially when it already has its own options. For example, it currently offers its in-house assistant called Q, and is also working on a more advanced tool named Kiro. It also has another internal chatbot called this, many Amazon employees seem to prefer Cursor. In a Slack group dedicated to Cursor discussions, a poll showed more than 60 votes for Cursor, while only around 10 employees voted in favour of Windsurf, which is Amazon's internal tool. One employee even said it was surprising and 'cool' that Amazon is open to using a tool like Cursor, given that it already has similar in-house Cursor's popularity isn't just inside Amazon. The tool is made by a startup called Anysphere, which recently raised a massive $900 million in funding, pushing its valuation to $9 billion. The company counts major clients like Stripe, Shopify, and Instacart. Even Amazon CEO Andy Jassy mentioned Cursor during a recent earnings call, calling it an example of how AI tools are reshaping how developers to staffers in Amazon's Slack channel, Cursor stands out mainly because of its speed. One developer said changes with Cursor happen almost instantly, while Amazon's own Q takes several minutes to process the same kind of now, Amazon hasn't made any official announcement, but signs point to Cursor likely becoming a part of its internal tech tools, especially as employees continue to show strong support for it.
