Investor interest in AI coding assistants is exploding.
Anysphere, developer of AI-powered coding assistant cursors, is in talks with venture capitalists to raise capital at a valuation of nearly $10 billion, Bloomberg reported.
If a round occurs, it will take place roughly three months after Anysphere completed its previous $100 million donation at $2.5 billion, as first reported by TechCrunch. The new round is expected to be led by returning investors' thriving capital.
Thrive Capital and Anysphere did not respond immediately to requests for comment.
While Anysphere's previous round valued the company at 25 times the New York Times, it appears investors are happy to cherish the company, which is currently burgeoning at even higher multiples. Anysphere's current annual recurring revenue (ARR) could already have risen to $150 million.
Anysphere is not the only company that has received such high praise from investors.
Codeium, the company behind AI coding editor Windsurf, raised funds at a valuation of nearly $3 billion last month. Kleiner Perkins, who is leading the round to codeum, valued the company at an ARR of about 70 times the ARR of about $40 million.
AI is the fastest adapted code tools that outweigh their use in sales, legal, healthcare and other sectors, according to investors.
In recent weeks, investors have been approaching Poolside, another AI-powered coding company that is developing its own LLM. Poolside did not immediately respond to requests for comment.