In a remarkable achievement, Anysphere, the innovative developer behind an AI coding assistant, has successfully raised $900 million, bringing its valuation to an impressive $9.9 billion. This significant funding round was reported by a leading financial news outlet and was spearheaded by Thrive Capital, with notable contributions from other prominent investors.
This latest funding marks Anysphere’s third capital raise within a year, showcasing the rapid growth and demand for its services. Just last year, the startup secured $100 million at a pre-money valuation of $2.5 billion, highlighting its swift ascent in the tech landscape.
AI coding assistants, often dubbed as “vibe coders,” have gained immense popularity, with Anysphere’s product at the forefront of this trend. The company’s annual recurring revenue (ARR) has been experiencing exponential growth, reportedly doubling every two months. Recent estimates indicate that Anysphere has surpassed $500 million in ARR, reflecting a remarkable 60% increase from earlier figures.
To cater to a diverse range of developers, Anysphere offers a tiered pricing model. After an initial two-week free trial, users can choose between a $20 Pro plan or a $40 monthly subscription for businesses, making it accessible for both individual developers and larger teams.
Historically, the majority of Anysphere’s revenue stemmed from individual subscriptions. However, the company is now expanding its offerings to include enterprise licenses, enabling organizations to acquire the application for their teams at a premium price.
Earlier this year, Anysphere received acquisition interest from major players in the industry, including a well-known AI company. However, the startup opted to decline these offers, choosing instead to continue its independent growth trajectory. This decision underscores Anysphere’s confidence in its future potential and market position.