CEO Michael TruellFounded 2022HQ San Francisco, US
Anysphere is the company behind Cursor, an AI-powered coding environment for software developers. It was founded in 2022 and is headquartered in San Francisco, California. The company focuses on human-AI collaboration for writing, editing, and understanding code.
Access to pre-IPO shares is available to accredited investors through UpMarket.
Latest Price
$29.3B
Series D, 2025, Perplexity
UpMarket Estimate
$34B
Based on UpMarket valuation model
Previous Price
$29.3B
Series D 2025
How to Invest in Anysphere Through UpMarket
Anysphere shares are not on public exchanges. UpMarket provides accredited investors access through secondary market transactions.
Step 01
Verify accredited investor status
Confirm eligibility under SEC Rule 501 of Regulation D. Income or net worth threshold applies.
Step 02
Create an UpMarket account
Complete KYC/AML onboarding. Typically 1–2 business days. Licensed rep assigned on signup.
Step 03
Review available Anysphere offerings
Full offering memoranda and risk disclosures provided before any commitment is required.
Step 04
Complete subscription documents
Review and sign subscription agreement. All documents handled digitally through the platform.
Step 05
Fund your investment
Wire transfer or ACH. $50K minimum. Funds held in custodial account until close.
Pre-IPO investments are illiquid, speculative, and involve risk of total loss of capital.
$1.3B+
UpMarket has brokered over $1.3 billion in alternative investments*
*Includes principal invested and appreciation of investments originated via the UpMarket platform based on historical trade volume and valuation estimates through March 31, 2026. Of the total, approximately $301 million is managed by UpMarket Management, with the remaining originated investments managed by affiliates. Past performance is not predictive of future results.
Valuation Growth Over Time
Post-money valuation by round
Previous roundsMost recent
Date
Round
PPS (split-adj.)
Valuation
Jun 2025
Series C
$9.9B
2025
Series D
$29.3B
Dec 2024
Series B
$2.6B
Series A
Seed
Anysphere Revenue and Growth
Annual revenue
Why Investors Are Watching Anysphere
Growth Signal
Anysphere reached $100M ARR by January 2025
Summit Ventures says Anysphere reached $100 million in ARR by January 2025, described as the fastest growth among AI developer tools. The company’s growth is also characterized as organic, with zero marketing spend.
Anysphere’s flagship product, Cursor, is an AI-powered programming environment designed to help developers write, edit, and understand code. It is positioned as an AI-native editor that plans, edits, and refactors code across entire repositories.
Market Opportunity
Anysphere drew a $900M round at a $9.9B value
Bloomberg reported that Anysphere closed a $900 million funding round led by Thrive Capital, with investors including Andreessen Horowitz, Accel, and DST Global. The round valued the company at $9.9 billion, underscoring investor demand for AI developer tools.
Interested in Anysphere stock? Fill out the form above or sign up directly. Subject to availability. Accredited investors only.
UpMarket curates and conducts independent diligence on every investment opportunity before it reaches the platform.
Strategy, fees & legal reviewed in full
We review every offering's strategy, risk management, liquidity, fees, valuation methodology, tax matters, and all third-party providers — legal counsel, auditor, administrator, and custodian.
Disciplined managers only
We offer investments exclusively from disciplined managers that pursue unique strategies across an array of asset classes.
Built around your objectives
Our goal is to empower you to build a portfolio that best meets your individual investment objectives.
No. As of March 2026, Anysphere is a private company and does not trade on any public stock exchange. Accredited investors can access Anysphere shares through UpMarket, a FINRA-registered broker-dealer that specializes in pre-IPO investments.
Anysphere does not have a public stock price because it is privately held. The most recent known share price comes from its last funding round. Pre-IPO share prices on the secondary market may differ from the last round price depending on supply, demand, and market conditions.
Yes. Accredited investors can indicate interest in Anysphere shares through UpMarket by filling out the form on this page or creating an account at upmarket.co. All pre-IPO offerings are subject to availability and require a $50,000 minimum investment. UpMarket is a FINRA-registered broker-dealer and has brokered more than $500M in alternative investments since 2019.
Pre-IPO investments carry significant risks. Anysphere shares are illiquid, meaning there is no public market to sell them quickly. There is no guaranteed exit timeline or return. The investment is speculative in nature, and investors should be prepared for the possibility of total loss. Valuations of private companies can fluctuate substantially between funding rounds. Investors should consult their financial advisor and review all offering documents before investing.
In a pre-IPO transaction, accredited investors purchase shares from existing shareholders (such as employees, early investors, or other holders) through secondary market platforms. The company itself does not issue new shares in these transactions. UpMarket facilitates these trades as a FINRA-registered broker-dealer, handling compliance, documentation, and settlement on behalf of both parties.
There are two primary exit paths for pre-IPO holdings: selling your shares on the secondary market to another buyer, or holding until the company completes an IPO or is acquired. Both paths are subject to transfer restrictions, company approval (right of first refusal), and market conditions. The timing of any exit is unpredictable, and investors should plan for a multi-year holding period.
The minimum investment for most pre-IPO offerings on UpMarket is $50,000. This amount may vary depending on the specific offering and share availability. There are no fees to create an UpMarket account or browse available investments. Investors only pay transaction-related fees when they complete an investment.
UpMarket's valuation estimate of is derived from a proprietary model that incorporates multiple data sources: funding round data (Caplight), revenue estimates (Sacra), secondary market pricing, and public company comparables. The model applies a private company discount to the public comp multiple to account for illiquidity and information asymmetry. This estimate is not investment advice and may differ substantially from the price at which shares actually trade.
Anysphere builds Cursor, an AI-powered coding environment that reached $100M ARR by January 2025 and is projected to generate $1B in 2025 revenue, with a $34B valuation — accredited investors can access Anysphere stock through UpMarket.