Annispier, which is serving the Vibe Coding app ‘Cursor’, has attracted latest investments with a company value of about $ 9 billion (about 12 trillion won). That is greater than thrice higher than simply 4 months ago, and has turn out to be probably the most noticeable AI startups in Silicon Valley.
The Financial Times reported on Wednesday that Annispier has raised its corporate value to $ 9 billion by attracting latest investments of $ 900 million (about 1.2 trillion won).
The investor was led by Srive Capital, the primary investor of open AI, and likewise participated in Andrisen Horobotz and Accel.
Annispier was founded in 2022 by 4 young individuals who majored in mathematics and computer science at MIT. In January, the corporate also attracted $ 150 million in corporate value of $ 2.5 billion with the investment of Srive and Andrisen Horobitz.
The corporate’s value has soared due to rapid growth of the flagship AI coding assistant ‘Curse’.
Based on Annifier, the cursor routinely generates about 1 billion lines of code every single day, and as of April, the annual repetitive sales reached about $ 200 million. That is considered one of the fastest growing software.
The cursor supports Antropic’s ‘Claude 3.7 Sonnet’ or ‘GPT-4O’ of Open AI, providing a development environment that helps to put in writing and debug code. One in every of the primary characters who caused the vibro boom, they attracted big technology firms similar to stripes and sporty pies as customers.
Within the AI market, coding assistive tools are considered one of the fastest growing areas. Lately, in addition to full side, windsaw and leaflets are popular.
As well as, the indisputable fact that it’s difficult to take a position directly in them as a consequence of the high value of foundation model firms similar to Open AI and Antroppac can also be an evaluation of Annispire’s popularity.
Enterprise Capital is now turning to AI app startups similar to Annispy, Purplex City and Shintesia. Based on market research firm deal room and flashpoint, the quantity invested in AI app startups last 12 months was $ 8.2 billion (about 114 trillion won), greater than doubled in comparison with the previous 12 months.
Particularly, a few of these ‘AI rappers’ are increasing their sales quickly, in comparison with existing software firms. Annispier is among the best examples.
By Park Chan, reporter cpark@aitimes.com
