Anysphere
Anysphere, Inc. is an American software company which offers Cursor, an AI-assisted software development service. Founded in 2022, the San Francisco-based startup achieved a US$29.3 billion valuation and surpassed US$1 billion in annual recurring revenue by late 2025.
Several media outlets have described Cursor as a vibe coding app.
History
The company was incorporated in 2022 by Michael Truell, Sualeh Asif, Arvid Lunnemark and Aman Sanger while they were students at MIT. In October 2023 the startup announced an US$8 million seed round led by the OpenAI Startup Fund, with angels including former GitHub CEO Nat Friedman and Dropbox co-founder Arash Ferdowsi.In November 2024 TechCrunch reported that Benchmark, Index Ventures and others were bidding up Anysphere's valuation to about US$2.5 billion, four months after a US$60 million Series A that had valued the company at US$400 million.
In March 2025 the company was reported to be negotiating a round that would value it near US$10 billion. On 5 June 2025, Anysphere confirmed a US$900 million Series C led by Thrive Capital, lifting its post-money valuation to US$9.9 billion.
Anysphere crossed US$100 million in annual recurring revenue in January 2025, and topped US$500 million ARR by June 2025.
In April 2025, an AI help-desk program named "Sam" invented a non-existent login policy, triggering user cancellations before staff intervened and issued refunds.
In October 2025, co-founder and Chief Technology Officer Arvid Lunnemark left the company to found a safety-focused AI research lab, Integrous Research.
On 13 November 2025, Anysphere closed a US$2.3 billion Series D funding round co-led by Accel and Coatue Management, valuing the company at US$29.3 billion. The round included participation from strategic partners Google and Nvidia. Following this round, the company reported its annualized revenue had exceeded US$1 billion.
In April 2025, Anysphere was featured in the Forbes AI 50 list.
Products
Cursor is a fork of Visual Studio Code that integrates AI-assisted software development capabilities directly into the editor.A July 2025 change to Cursor's US$20 Pro plan, switching from 500 requests to a usage-metered cap, provoked complaints about unexpected charges; the firm rolled back limits and promised refunds.
The editor integrates generative models from Anthropic, OpenAI and others. In July 2025, Anysphere launched “Bugbot”, a debugging tool integrated with GitHub and sold as an add-on for $40 per user per month.