Anysphere's AI coding assistant, Cursor, has experienced remarkable growth, with revenues doubling approximately every two months, leading them to reject acquisition offers, including one from OpenAI. With an average annual recurring revenue nearing $300 million, Anysphere aims to maintain its independence while exploring fresh capital opportunities at a valuation of around $10 billion. Meanwhile, OpenAI continues to seek acquisition targets amid competition pressures, recently showing interest in newer players like Windsurf, underscoring the dynamic landscape in AI coding solutions.
Anysphere, maker of AI coding assistant Cursor, is growing so quickly, it's not in the market to be sold, even to OpenAI, a source close to the company tells TechCrunch.
Cursor is one of the most popular AI-powered coding tools and its revenue has been growing astronomically - doubling on average every two months.
Cursor turned down the offers because the startup wants to stay independent, said two people close to the company.
OpenAI is likely shopping because it's looking for its next growth areas as competitors such as Google's Gemini and China's DeepSeek put pricing pressure on access to foundational models.
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