Anysphere Inc., maker of AI coding assistant Cursor, has surpassed $500 million in annualized revenue and raised $900 million in funding, bringing its valuation to $9.9 billion.

The round was led by Thrive Capital, with participation from other investors, including Andreessen Horowitz, Accel and DST Global. The new funding brings Anysphere's total capital raised to more than $1 billion and marks a steep increase in its valuation from $2.5 billion, in a round announced back in January.