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Investing.com -- Anysphere Inc., the startup responsible for the creation of the artificial intelligence-powered code editor, Cursor, is reportedly in negotiation to raise hundreds of millions from investors at a valuation approaching $10 billion, as reported by Bloomberg, citing sources who wished to remain anonymous.
The funding round is anticipated to be led by Thrive Capital. However, the discussions are not yet finalized and the specifics may still shift.
Anysphere’s Cursor has proven to be a successful coding tool, with the startup exceeding $100 million in annual recurring revenue within a year. This achievement has placed Anysphere among the fastest-growing startups ever. The company’s valuation was previously set at $2.5 billion during a funding round announced in January.
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