Cursor Creator Anysphere Hits $9 Billion Valuation with $900 Million Raise

San Francisco-based Anysphere, the creator of the AI-powered code editor Cursor, has raised $900 million in a funding round led by Thrive Capital, with Andreessen Horowitz and Accel also participating. That’s according to a report by the Financial Times. This latest investment has significantly increased Anysphere's valuation to around $9 billion, up from its $2.5 billion valuation in January 2025.

The company has already secured $105 million previously with some of the above-mentioned investors.

Founded in 2022 by four MIT graduates, the company quickly became popular among developers. Their main product, Cursor, is an AI-powered integrated development environment (IDE). This tool helps programmers by using natural language commands to generate code, offering autocompletion features, and providing intelligent rewrites. Cursor is based on Visual Studio Code and seamlessly integrates advanced AI capabilities into the coding process. This allows developers to write, debug, and improve their code more effectively.

Major technology companies like Stripe, OpenAI, and Spotify have adopted Cursor, which reportedly generates almost a billion lines of code every day.