Anysphere, the maker of the Cursor AI coding tool, reported reaching $1 billion in annualized revenue, indicating significant business growth. The company also achieved $500 million in annual recurring revenue by June 2025, up from $100 million in December 2024, reflecting rapid adoption of its coding assistant. Anysphere raised a $2.3 billion Series D round, co-led by Accel and Coatue, valuing the company at $29.3 billion. Additionally, Anysphere completed a $900 million Series C round in June 2025, raising its valuation to $9.9 billion, up from $2.6 billion in its previous Series B. The company expanded its workforce to approximately 150 employees, supporting its growth in the AI programming sector.