Investors Court Anysphere with $18 to $20 Billion Valuation

Investors have approached Anysphere, the company behind the popular AI coding assistant Cursor, offering to invest in the company at a valuation of $18 billion to $20 billion in recent weeks, Bloomberg reported. The company might not agree to the offers, according to the report.

But if the company does accept the funding, it would double its valuation from $9 billion earlier this month, when it raised $900 million led by Thrive Capital, Bloomberg reported, adding that the company had surpassed $500 million in annualized revenue.

Cursor has already helped define coding as a key application for large language models. The doubled valuation immediately following its last funding round would further establish Anysphere as a breakout winner of the generative AI boom.