"Although the terms of the deal were not disclosed, Axios reported that Cursor paid "way over" Graphite's last valuation of $290 million, which was set when the five-year-old company raised a $52 million Series B earlier this year. The tie-up makes strategic sense. The output of code generated by AI is often buggy, forcing engineers to spend a lot of time on corrections."
"Michael Truell, co-founder and CEO of Anysphere, first met Graphite's co-founders, Merrill Lutsky, Greg Foster, and Thomas Reimers, before launching Cursor as a Neo Scholar, a prestigious program for college students run by Neo, Ali Partovi's early-stage venture firm. Neo backed Graphite at the seed stage, according to PitchBook data. Furthermore, both Cursor and Graphite have other investors in common including Accel and Andreessen Horowitz."
Anysphere acquired Graphite, a startup that uses AI to review and debug code. Terms were not disclosed, though Axios reported Cursor paid well above Graphite's last $290 million valuation set after a $52 million Series B earlier this year. Graphite provides a 'stacked pull request' capability that enables developers to work on multiple dependent changes simultaneously without waiting for approvals. Cursor already offers AI-powered code review via its Bugbot product, and combining AI code writing with specialized AI review tools speeds the process from drafting code to shipping. Shared investors include Neo, Accel, and Andreessen Horowitz, and Anysphere has made recent acquisitions.
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