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There is no shortage of startups offering programming assistance based on artificial intelligence. Among them is an increase, CodeiumAnd magic and poolside.
However, the indicator has become one of the most popular. Its developer, Anysphere, has seen its revenue grow from $4 million in annual recurring revenue (ARR) in April to $4 million per month as of last month, according to a person with direct knowledge of the company’s financials. Another person said the company is seeing faster user adoption and growth than other programming assistant providers.
Such rapid growth has venture capital firms flocking to him. Anysphere received unsolicited offers valuing the company at up to $2.5 billion from Benchmark, Index Ventures and previous investors Andreessen Horowitz and Thrive, among others, the person said.
Index Ventures declined to comment. Anysphere, Benchmark, Andreessen Horowitz, and Thrive did not respond to requests for comment.
Interest in the company has exploded so quickly that last week, unsolicited offers started at a valuation of $1.5 billion, but have actually risen to $2.5 billion, said the person with direct knowledge of the company. As the sources said Information That investors are willing to price the company at $2.5 billion.
This compares to Anysphere’s $400 million valuation just four months ago, when it raised a $60 million Series A led by Andreessen Horowitz and Thrive. Patrick Collison, co-founder of Stripe, also joined the tour.
The company was founded in 2022 by Michael Troll, Sawala Asif, Arvid Lonemark, and Aman Sanger when they were students at MIT. Last year, Anysphere graduated from the OpenAI accelerator program and became its most notable alumni. The company subsequently raised an $8 million seed round led by OpenAI’s startup fund, with participation from former GitHub CEO Nat Friedman and Dropbox co-founder Arash Ferdowsi.
Most engineers already use programming assistants like Cursor, and some venture capitalists predict that these tools will soon allow startups to hire fewer software developers.
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