TechFlow news, May 6 — According to the Financial Times, Anysphere, the company behind the AI-powered code editor Cursor, has just secured $900 million in funding led by Thrive Capital, reaching a staggering valuation of $9 billion. The round attracted participation from top-tier venture capital firms, including a16z and Accel.
According to TechFlow research, cryptocurrency exchange FTX was once a seed investor in Cursor. However, after FTX’s bankruptcy and liquidation, its liquidation team sold its stake in Cursor for $200,000—shares now estimated to be worth approximately $500 million.
Cursor is an AI-based code editor that has experienced rapid growth recently. Prior to this latest round, Anysphere raised a $105 million Series B round in late 2023 led by Thrive Capital and Andreessen Horowitz, at which time the company was valued at $2.6 billion. In just a few months, its valuation has more than tripled.
