šŸ’» Cursor’s Anysphere Achieves $9.9B Valuation with AI Coding Tool

Anysphere’s AI coding assistant, Cursor, has seen a valuation leap to $9.9 billion bolstered by raising $900 million. The company reported an annual recurring revenue (ARR) exceeding $500 million, marking significant growth in AI tool commercialization and efficiency in coding processes within tech sectors.

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