Anysphere, a Buffalo, New York-based startup that developed an AI coding assistant, has raised over $60 million in a Series A financing round at a $400 million post-money valuation.
Investors
The round was co-led by Andreessen Horowitz and Thrive Capital, with participation from Stripe CEO Patrick Collison.
Andreessen Horowitz (also known as a16z) is a venture capital firm that backs bold entrepreneurs building the future through technology. The firm invests in companies at all stages, from seed to growth-stage technology ventures. a16z manages $42 billion in assets across multiple funds.
Thrive Capital is an investment firm that builds and invests in Internet, software, and technology-enabled companies. Founded in 2010, it is based in New York City.
About Anysphere
Founded in 2022 by Michael Truell, Sualeh Asif, Arvid Lunnemark, and Aman Sanger, Anysphere is an applied research lab focused on building extraordinarily productive human-AI systems. Anysphere specializes in developing AI-powered tools to assist software developers. Their flagship product, Cursor, is an AI coding assistant designed to help developers write code more efficiently and effectively. The tool leverages advanced artificial intelligence to assist with tasks such as code generation, error detection, and providing real-time coding suggestions.
Funding Details
Company: Anysphere, Inc.
Raised: $60.0M+
Round: Series A
Funding Date: August 2024
Lead Investors: Andreessen Horowitz, Thrive Capital
Additional Investors: Patrick Collison
Company Website: https://anysphere.inc/
Software Category: Software Development
Source: https://techcrunch.com/2024/08/09/anysphere-a-github-copilot-rival-has-raised-60m-series-a-at-400m-valuation-from-a16z-thrive-sources-say/