Bloomberg reported that Anysphere is in talks with venture capitalists for a new funding round at a valuation nearing $10 billion.
Notably, this round comes just three months after Anysphere's last successful funding round, where it raised $100 million at a $2.5 billion valuation. TechCrunch was the first to report this news. If successful, this new round is expected to be led by returning investor Thrive Capital.
Image Source Note: Image generated by AI, licensed through Midjourney.
According to the New York Times, Anysphere's previous valuation was based on its $1 million annual recurring revenue (ARR). Currently, Anysphere's ARR may have risen to $1.5 million. As reported by The Information, this means the company's valuation would reach a staggering 66 times its annual revenue if this funding round is successful.
Anysphere isn't alone in attracting investor attention. Codeium, a company developing the AI coding editor Windsurf, is currently seeking funding at a valuation near $3 billion. TechCrunch reported last month that Kleiner Perkins is leading Codeium's funding round, valuing the company at approximately 70 times its $40 million annual revenue.
Investors believe that AI technology is advancing fastest in programming tools across various sectors, outpacing its development in sales, legal, and healthcare. Recently, another AI coding company, Poolside, which develops its own large language model, has reportedly attracted investor interest, though the company hasn't yet responded to inquiries.
Key Highlights:
🌟 Anysphere is planning a new funding round at a valuation nearing $10 billion, reflecting strong investor enthusiasm.
📈 Just three months after its last funding round, the company's annual recurring revenue may have reached $1.5 million.
💼 The rapid development of AI technology in programming tools is surpassing other sectors, attracting significant investor attention.
