Group 1 - Anysphere Inc., the developer of the popular AI code editor Cursor, is in talks with investors for a new funding round that could double its valuation to between $18 billion and $20 billion after achieving an annual revenue of over $500 million [1] - The company recently completed a $900 million funding round, reaching a post-money valuation of $9.9 billion, led by Thrive Capital with participation from Andreessen Horowitz, Accel, and DST Global [1] - Cursor has seen explosive growth in annual sales due to a surge in enterprise users, with notable clients including OpenAI, Spotify, Major League Baseball (MLB), and Instacart [1] Group 2 - Cursor's tool analyzes programmer actions and recommends code lines, making programming easier for non-technical users and enhancing efficiency for professional developers [2] - Over half of the Fortune 500 companies are using Cursor, with daily active users exceeding 1 million [2] - The company faces intense competition from rivals such as GitHub Copilot and Amazon CodeWhisperer, with its main competitor Windsurf agreeing to a $3 billion sale to OpenAI, although the deal is not yet finalized [2]