AnysphereHQ: SAN FRANCISCOCEO: MICHAEL TRUELLFUNDING: $176 MILFOUNDED: 2022AI coding tool Cursor is among the hottest products in a very hot AI market. It’s the only product of parent company Anysphere, which is growing superfast; it’s said to he signed $100 million in contracts in about a year — a figure that has since reportedly doubled. Founded in 2022 by 24-year-old Michael Truell and three MIT classmates, Cursor helps engineers from companies including Instacart and Samsung edit code with nontechnical prompts in everyday language that can be as simple as “make me an 8-bit side-scroller video game” or “build me a weather app.” They’re already taking on giants like Github Copilot in the global market for automated coding, which is expected to reach $30 billion by 2032. “The ambition of the company is to completely change how people build software,” Truell says.
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