Wikipedia

Anysphere

Anysphere, Inc.
Company typePrivate
IndustryArtificial intelligence · developer tools
Founded2022[1]
FoundersMichael Truell · Sualeh Asif · Aman Sanger · Arvid Lunnemark[1]
Headquarters
San Francisco, California
,
United States
Key people
Michael Truell (CEO)
Sualeh Asif (CPO)
Aman Sanger (COO)[2]
ProductsCursor
RevenueIncrease US$1 billion ARR (Nov 2025)[3]
Number of employees
~150 (2025)[4]

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.[3]

Several media outlets have described Cursor as a vibe coding app.[5][6][7][8]

History

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The company was incorporated in 2022 by Michael Truell, Sualeh Asif, Arvid Lunnemark and Aman Sanger while they were students at MIT.[1] 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.[1]

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.[9]

In March 2025 the company was reported to be negotiating a round that would value it near US$10 billion.[10] 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.[11]

Anysphere crossed US$100 million in annual recurring revenue (ARR) in January 2025, and topped US$500 million ARR by June 2025.[12]

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.[13]

In October 2025, co-founder and Chief Technology Officer Arvid Lunnemark left the company to found a safety-focused AI research lab, Integrous Research.[citation needed]

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.[citation needed] Following this round, the company reported its annualized revenue had exceeded US$1 billion.[3]

In April 2025, Anysphere was featured in the Forbes AI 50 list.[14]

Products

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Cursor is a fork of Visual Studio Code that integrates AI-assisted software development capabilities directly into the editor.[1]

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.[15]

The editor integrates generative models from Anthropic, OpenAI and others.[2] In July 2025, Anysphere launched “Bugbot”, a debugging tool integrated with GitHub and sold as an add-on for $40 per user per month.[6]

Business

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Anysphere prohibits the use of AI tools during the first round of coding interviews and invites finalists for a two-day on-site project with the core team.[16] As of August 2025, the company employs roughly 150 people.[17]

Controversies

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In April 2025, an AI help-desk agent named “Sam” invented a non-existent login policy, prompting user cancellations before staff apologized and issued refunds.[18] A July 2025 change to Cursor’s Pro plan pricing drew complaints about unexpected charges; the company apologized, rolled back limits, and said it would refund affected users.[19]

See also

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References

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  1. ^ a b c d e Wiggers, Kyle (11 October 2023). "Anysphere raises $8M from OpenAI to build an AI-powered IDE". TechCrunch. Retrieved 9 August 2025.
  2. ^ a b Newton, Casey (4 August 2025). "Why tech is racing to adopt AI coding". The Verge. The Verge. Retrieved 13 October 2025.
  3. ^ a b c Ngo, Phong (18 November 2025). "4 MIT graduates who built the popular AI coding tool Cursor become billionaires". VnExpress International. Retrieved 10 December 2025.
  4. ^ Newton, Casey (4 August 2025). "Why tech is racing to adopt AI coding". The Verge. Retrieved 9 August 2025.
  5. ^ Bradshaw, Tim (May 2025). "Maker of AI 'vibe coding' app Cursor hits $9bn valuation". Financial Times. Retrieved 13 October 2025.
  6. ^ a b Goode, Lauren (24 July 2025). "Cursor's New Bugbot Is Designed to Save Vibe Coders From Themselves". WIRED. Condé Nast. Retrieved 13 October 2025.
  7. ^ Zeff, Maxwell (17 June 2025). "Anysphere launches a $200-a-month Cursor AI coding subscription". TechCrunch. Retrieved 14 October 2025.
  8. ^ Novet, Jordan (17 April 2025). "OpenAI looked at buying Cursor creator before turning to AI coding rival Windsurf". CNBC. Retrieved 14 October 2025.
  9. ^ Temkin, Marina (8 November 2024). "Benchmark, Index, others are in a wild unsolicited bidding war over Anysphere, maker of Cursor". TechCrunch. Retrieved 9 August 2025.
  10. ^ Temkin, Marina (7 March 2025). "Cursor in talks to raise at a $10B valuation as AI coding sector booms". TechCrunch. Retrieved 9 August 2025.
  11. ^ Temkin, Marina (5 June 2025). "Cursor's Anysphere nabs $9.9B valuation, soars past $500M ARR". TechCrunch. Retrieved 9 August 2025.
  12. ^ Shibu, Sherin (6 June 2025). "The fastest-growing startup ever just surpassed $500 million in annual revenue. Here's why it keeps growing, according to its CEO". Entrepreneur. Retrieved 9 August 2025.
  13. ^ Edwards, Benj (21 April 2025). "Company apologizes after AI support agent invents policy that causes user uproar". Ars Technica. Retrieved 9 August 2025.
  14. ^ SHRIVASTAVA", "RASHI. "Forbes 2025 AI 50 List - Top Artificial Intelligence Companies Ranked". Forbes. Retrieved 2026-01-08.
  15. ^ Zeff, Maxwell (7 July 2025). "Cursor apologizes for unclear pricing changes that upset users". TechCrunch. Retrieved 9 August 2025.
  16. ^ "Inside Cursor's hiring strategy: no AI in interviews and a two-day project with the team". Business Insider. 12 June 2025. Retrieved 9 August 2025.
  17. ^ Newton, Casey (4 August 2025). "Why tech is racing to adopt AI coding". The Verge. Retrieved 9 August 2025.
  18. ^ Edwards, Benj (21 April 2025). "Company apologizes after AI support agent invents policy that causes user uproar". Ars Technica. Ars Technica. Retrieved 13 October 2025.
  19. ^ Zeff, Maxwell (7 July 2025). "Cursor apologizes for unclear pricing changes that upset users". TechCrunch. TechCrunch. Retrieved 13 October 2025.
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