The field of AI code editors is in trouble again! Anysphere, the parent company of Cursor AI Code Editor, announced the acquisition of AI programming assistant Supermaven. The move comes as Anysphere faces a valuation offer of up to $2.5 billion, attracting widespread attention from the industry. This acquisition will not only enhance Cursor's functions, but also indicate an intensified competition in the AI programming tool market.
Anysphere, the parent company of AI code editor Cursor, announced today that it has acquired Supermaven, an AI programming assistant, and the amount of the transaction has not been disclosed yet. The news of the merger comes as Anysphere is facing an acquisition intention of up to $2.5 billion from investors such as Benchmark, Index Ventures and Andreessen Horowitz.
According to Cursor CEO Michael Truell, the acquisition will help the company launch a new version of the Tab AI model, which will have faster response speeds, stronger context awareness and smarter long-sequence code processing capabilities. It is worth noting that the existing plug-ins of Supermaven will continue to be maintained, but the team will focus mainly on Cursor development in the future.
Supermaven was founded by former Tabnine co-founder Jacob Jackson. Jackson had an internship at OpenAI until 2022 after selling Tabnine to Codata in 2019. Supermaven was officially launched in February this year and is an innovative AI programming platform. Its self-developed generative AI model, Babble, not only can understand a large amount of code, but also has extremely low latency performance due to its customized architecture. As of September, the platform has attracted more than 35,000 developers to register and successfully raised $12 million in financing, with investors including Bessemer Venture Partners, OpenAI co-founder John Schulman and Perplexity co-founder Denis Yarats.
Jackson said that while Supermaven was not originally planned to be acquired, the merger with Cursor will allow the team to better combine the editor interface with AI model design to create a more practical product.
According to market research firm Polaris Research, the AI programming tools market size will reach US$27.17 billion by 2032. The latest GitHub developer survey shows that the vast majority of respondents have adopted AI tools to some extent, with more than 1.8 million individual users and about 50,000 companies paying to use GitHub C opilot.
Although AI programming assistant startups have sprung up like mushrooms, including Augment, Codeium, Magic and Poolside, Cursor has become one of the most popular choices. According to reliable sources, Cursor's monthly revenue has reached US$4 million. As a company co-founded by Truell, Asif, Lunnemark and Sanger in 2022, Anysphere has recently received close attention from the investment community.
The addition of Supermaven will further consolidate Cursor's position in the AI programming tool market, and future development is worth looking forward to. This acquisition also sounded a wake-up call for other AI programming assistant companies, indicating that market competition will become more intense and the trend of survival of the fittest will become increasingly obvious.