Anysphere, the artificial intelligence startup behind the fast-growing code editor Cursor, has been approached by investors proposing a funding deal that could double its valuation to as much as $20 billion, according to a Bloomberg exclusive citing a person familiar with the matter.
The company, which reportedly crossed $500 million in annualised revenue just two years after its 2023 launch, is not currently seeking new investment.
Its chief executive, Michael Truell, told Bloomberg it has not held discussions about fresh funding since its recent Series C round.
That round, announced earlier this month, raised $900 million and valued the business at $9.9 billion.
It was led by Thrive Capital, with backing from Andreessen Horowitz, Accel and DST Global.
Cursor, which uses artificial intelligence to assist programmers by generating code suggestions, now counts more than 1 million daily users and serves over half the Fortune 500, according to Truell.