Anysphere Stock for Accredited Investors

AI / Machine Learning
By UpMarket Research  |  Last updated: September 2026
CEO Michael Truell Founded 2022 HQ 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. In November 2025, Anysphere raised $2.3 billion in its Series D at a $29.3 billion post-money valuation, led by Accel and Coatue (CNBC and TechCrunch).

Access to pre-IPO shares is available to accredited investors through UpMarket.

Last Reported Valuation
$29.3B
Series D, 11/13/25, CNBC and TechCrunch
UpMarket Estimate
$34.4B
Based on UpMarket valuation model
Previous Round Valuation
$9.9B
Series C, Jun 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.

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Valuation Growth Over Time

Post-money valuation by round
Previous rounds Most recent
DateRoundAmount raisedValuation
Nov 2025 Series D $2.3B $29.3B
Jun 2025 Series C $9.9B

Anysphere's most recent reported round is its Series D, announced November 13, 2025. It raised $2.3 billion at a reported post-money valuation of $29.3 billion, led by Accel and Coatue. Source: CNBC and TechCrunch. Data as of September 27, 2026.

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.

Competitive Moat

Cursor’s AI-native editor targets whole-repo workflows

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.

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Anysphere Stock FAQ

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 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 $34.4B 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 was valued at $29.3B in its November 2025 Series D. Accredited investors can request Anysphere access through UpMarket.

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