Anysphere's AI-powered brainchild Cursor, has demonstrated skyrocketed revenue growth, reaching a $100 million Annual Recurring Revenue (ARR) in a span of just twelve months which has proven to be a breakthrough product in the tech space.
And investors can’t keep their hands off of fast growing AI companies that have the potential to bring magnificent profits and visibility.
This isn't Anysphere's first foray into fundraising; the company has already secured $105 million in Series B funding from notable names such as Thrive Capital, Andreessen Horowitz, Benchmark, and other existing investors. Thrive Capital stands as a powerhouse in the venture capital arena, having made strategic investments in industry leaders like Stripe, Instagram, OpenAI, and Spotify.
The question is
Anysphere’s AI-code editor Cursor fastest to reach $100M ARR in 12 months
- By Upasana Banerjee
- Published on
The company is in talks to raise hundreds of millions from investors at a valuation approaching $10 billion
