Anysphere, an AI developer backed by a16z, is seeking a new round of funding that could be valued at $10 billion

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PANews reported on March 9 that Anysphere Inc. (backed by a16z), the developer of Cursor, an AI-powered code editor, is seeking to raise hundreds of millions of dollars, according to TechInAsia. After this round of funding, the company could be valued at nearly $10 billion, a significant increase from its valuation of $2.5 billion in January. Anysphere Inc. surpassed $100 million in annual recurring revenue in 12 months. Anysphere has previously raised about $175 million in venture capital from investors, including Andreessen Horowitz.

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