March 9, 2013 - Recent AI Programming AssistantThe investment buzz in the space continues to climb, and valuations of related companies continue to set new records. According to Bloomberg, Anysphere Inc. is in talks with VCs toThe plan is to raise capital at a valuation close to $10 billion (note: currently around Rs 72.4 billion).
Anysphere is an artificial intelligence programming assistant Cursor developer, which just three months ago closed a $100 million round ofFinancingThe company was valued at $2.5 billion at the time. In that round, Anysphere was valued at 25 times its $100 million in annual recurring revenue (ARR), according to the New York Times. And today.The company is expected to be valued at 66x its ARR. According to The Information, Anysphere's current ARR may have grown to $150 million. The funding round is expected to be led by Thrive Capital, but Thrive Capital and Anysphere have not responded to requests for comment as of press time.
Anysphere isn't the only company with such a high valuation. Codeium, the developer of AI programming editor Windsurf, is raising money at a valuation of nearly $3 billion, TechCrunch reported last month. The round was led by Kleiner Perkins, which valued Codeium at about 70 times its $40 million ARR.
Investors are confident about the future of AI in programming tools, believing that it is already outpacing other industries such as sales, law, and healthcare. Poolside, another AI programming company that develops its own Large Language Model (LLM), has also been receiving investor attention recently, according to the source.