a16z-backed AI developer Anysphere is seeking new round of funding
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On March 9, according to TechinAsia, Anysphere Inc., the developer of the AI-driven code editor Cursor backed by a16z, is seeking to raise hundreds of millions of dollars to drive the company's valuation close to $10 billion, with Anysphere valued at $2.5 billion in January.
Anysphere has generated over $100 million in annual recurring revenue in the past 12 months and has previously raised around $175 million in venture capital from investors including Andreessen Horowitz.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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