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Investor interest in AI coding assistants is surging, with Anysphere, the developer of Cursor, negotiating a capital raise at a nearly $10 billion valuation. This potential funding round follows Anysphere's recent $100 million raise at a $2.5 billion valuation just three months prior. The new investment is expected to be led by Thrive Capital, a returning investor.
Anysphere's annual recurring revenue has reportedly increased to $150 million, suggesting a valuation multiple of 66 times ARR if the new funding materializes. Other companies in the AI coding space, like Codeium, are also experiencing high valuations, with Codeium raising funds at nearly $3 billion. The rapid adaptation of AI in coding tools is outpacing its application in other sectors, indicating a significant shift in investor focus.
• Anysphere seeks $10 billion valuation amid rising AI coding assistant interest.
• Codeium also experiences high valuation, raising funds at nearly $3 billion.
AI coding assistants are tools designed to aid developers in writing code more efficiently.
ARR is a metric used to predict future revenue based on subscription models, crucial for evaluating company growth.
Valuation multiples are used to assess a company's worth relative to its revenue, indicating investor confidence.
Anysphere develops the AI-powered coding assistant Cursor, which is gaining significant investor interest.
Codeium is known for its AI coding editor Windsurf and is currently raising capital at a high valuation.
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