Cursor News 10/11/2023 AI Rating: Low

Cursor maker Anysphere raises $8M seed round led by OpenAI Startup Fund

#Cursor#Anysphere#OpenAI#Funding#AI History

TechCrunch reports that Anysphere, maker of the AI code editor “Cursor,” has raised an $8 million seed round led by the OpenAI Startup Fund. Angel investors including former GitHub CEO Nat Friedman and Dropbox co-founder Arash Ferdowsi also participated, bringing the company’s total funding to $11 million.

Details

  • Round size and lead investor: $8 million led by the OpenAI Startup Fund, bringing total funding to $11 million
  • Participating investors: Notable angels including former GitHub CEO Nat Friedman and Dropbox co-founder Arash Ferdowsi
  • Use of funds: Earmarked for hiring and expanding the company’s AI and machine learning research and development
  • Notable angle: OpenAI’s own fund — the maker of ChatGPT — backing an “AI-native IDE” that could rival GitHub Copilot drew attention
  • Team background: Founders Michael Truell, Sualeh Asif, Arvid Lunnemark, and Aman Sanger met each other at MIT

What happened next

Ten months after this seed round, in August 2024, the company raised a $60 million Series A led by Andreessen Horowitz and Thrive Capital, reaching a $400 million valuation as Cursor entered a phase of rapid growth.

Source https://techcrunch.com/2023/10/11/anysphere-raises-8m-from-openai-to-build-an-ai-powered-ide/

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