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Cursor hits $9B valuation
Anysphere closes $900mn funding round from investors including Thrive Capital and Andreessen Horowitz
Anysphere, creator of the fast-growing programming tool Cursor, has closed a new round of funding that more than triples its valuation to about $9bn, as money continues to pour into Silicon Valley’s hottest artificial intelligence start-ups. The huge jump in Anysphere’s price tag comes after annual recurring revenues grew quickly since its last funding round, rising to about $200mn in April to make it one of the fastest-growing software companies ever. Despite competing with tools such as Microsoft’s GitHub Copilot, Cursor has customers at tech companies including Stripe, OpenAI and Spotify, according to its website, as well as prominent AI researchers such as Andrej Karpathy.
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