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Anysphere , a two - year - old inauguration that ’s developed an AI - powered bait assistant called Cursor , has raised over $ 60 million in a Series A financing at a $ 400 million post - money evaluation , two source intimate with the raft told TechCrunch .
The round was co - conduce by Andreessen Horowitz and Thrive Capital . Patrick Collison , conscientious objector - founder and CEO of Stripe , also participated in the rhythm .
Anysphere , a16z and Collison did n’t react to a petition for remark . Thrive declined comment .
The party was co - founded by Michael Truell , Sualeh Asif , Arvid Lunnemark and Aman Sanger while they were students at MIT . Truell and Sanger later participated inNeo Scholars , a prestigious mentorship program for undergraduate students majoring in technological field . Neo , which also runs an accelerator and a venture fund , led Anysphere ’s pre - seed investment . Last year , the company raised an$11 million seedround led by OpenAI Startup Fund with participation from former GitHub CEO Nat Friedman , Dropbox co - founder Arash Ferdowsi and other backer investors .
Anysphere is part of an increasingly crowded area of AI coding copilot startups . Other startups that target to make software writing more efficient include Cognition , Poolside , Magic and Augment , among others .
Investors ’ interest in this area is not a surprisal . During its net profit call last month , Microsoft CEO Satya Nadella said that GitHub Copilot , an AI - powered shaft that helps developer write code faster and more efficiently , “ isalready largerthan all of GitHub was when it was acquire , ” refer to its tax income . Reports guess that GitHub ’s revenue was ashigh as $ 300 millionwhen the tech behemoth agreed to corrupt the software developing platform for$7.5 billionin 2018 .
That mean about 3 million developer worldwide are make up Microsoft $ 100 a twelvemonth ( the one-year price of GitHub’sindividual subscription ) to be more fat programmer , estimated a VC with an investment stake in one of the coding startups . “ If you have that raft of demand , you get a pretty competitive landscape , ” he said .
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Anysphere ’s tax income and usance has also been growing fast , one person say .
In July , Business Insiderreportedthat Anysphere was in the process of raising a novel beat and aiming for a $ 400 million evaluation .
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