Startups had a successful week in fundraising, with two companies securing over $500 million each. Artificial intelligence continues to dominate the funding landscape, but other sectors like accounting and sports also attracted significant investment.
Anysphere Raises $900 Million
Anysphere, known for its Cursor application, has raised $900 million at a valuation of $9 billion. This funding round, led by Thrive Capital, also saw participation from notable investors such as Andreessen Horowitz and Accel. Just four months prior, Anysphere raised $105 million in a Series B round, which valued the company at $2.6 billion. The growing interest in AI-powered coding tools highlights their increasing adoption in large enterprises, aimed at enhancing developer efficiency. Anysphere has now raised a total of $1.1 billion since its inception in 2022.
Key takeaways
- Anysphere, maker of the Cursor coding tool, raised $900 million at a $9 billion valuation led by Thrive Capital, with Andreessen Horowitz and Accel participating.
- The round came just four months after a $105 million Series B that valued the company at $2.6 billion — roughly a 3.5x repricing in a single quarter.
- Wonder, Marc Lore's food delivery company, raised $600 million at a valuation above $7 billion, building toward a 'super app for mealtime' after acquiring Grubhub.
- Atlas Data Storage, a Twist Bioscience spinout, raised $155 million in seed financing to commercialise data storage in synthetic DNA.
- The largest round outside the US was a $218 million seed for India-based PB Healthcare Services.
Wonder Secures $600 Million
Food delivery startup Wonder, founded by Marc Lore, has raised $600 million, bringing its valuation to over $7 billion. This funding round included investments from firms like NEA. Wonder aims to create a “super app for mealtime” and has previously acquired companies such as Grubhub. Since its founding in 2018, Wonder has raised a total of $2.5 billion.
Atlas Data Storage Raises $155 Million
Atlas Data Storage, a company specializing in DNA data storage technology, has completed a $155 million seed financing round. The company, which spun off from Twist Bioscience, aims to commercialize data storage solutions that utilize synthetic DNA’s unique properties, such as high data density and durability.
NewLimit Raises $130 Million
NewLimit, a biotech firm based in South San Francisco, has secured $130 million in a Series B funding round led by Kleiner Perkins. The company focuses on developing treatments that aim to restore youthful characteristics by genetically programming cells. Since its founding in 2022, NewLimit has raised a total of $170 million.
Unrivaled Sports Receives $120 Million
Unrivaled Sports, a youth sports brand based in New York, has received a $120 million strategic investment led by DSG Ventures. This marks the company’s first outside investment since its founding in 2024, and the funds will be used to expand its presence in youth sports programming.
HubSync and Statsig Each Raise $100 Million
HubSync, a tax and accounting platform from Franklin, Tennessee, raised $100 million in a growth round led by Thoma Bravo. Founded in 2019, HubSync has now raised a total of $101 million. Similarly, Statsig, a data-driven product development platform based in Bellevue, Washington, secured $100 million in a Series C funding round at a valuation of $1.1 billion, led by Iconiq Growth. Founded in 2021, Statsig has raised $153 million to date.
Sirius Therapeutics and Wonderskin Each Raise $50 Million
Sirius Therapeutics, a biotech company focused on siRNA therapeutics for cardiometabolic disorders, raised $50 million in a Series B2 financing round led by a prominent corporate venture capital firm. Founded in 2021, Sirius has raised nearly $150 million overall. Meanwhile, beauty brand Wonderskin secured $50 million in a Series A funding round led by Insight Partners, marking its first round since its founding in 2020.
TSOLife Raises $43 Million
TSOLife, a Tampa-based company developing a resident insight platform for senior living operators, raised $43 million in a Series B funding round led by PeakSpan Capital. Founded in 2014, TSOLife has raised nearly $54 million to date.
Global Funding Highlights
Outside the U.S., the largest funding round was a $218 million seed round raised by India-based PB Healthcare Services, a healthcare platform offering both services and insurance.
Funding Round Methodology
This report tracks the largest announced funding rounds raised by U.S.-based companies from May 3 to May 9. While most rounds are included in the database, there may be slight delays in reporting.
Frequently asked questions
Why did Anysphere's valuation move so fast?
AI-powered coding tools were being adopted inside large enterprises to improve developer productivity, and Cursor was among the most visible. That shift from experiment to standard tooling is what drove the repricing from $2.6 billion to $9 billion in four months.
What is DNA data storage?
It encodes digital data into synthetic DNA, which offers extremely high data density and long-term durability compared with conventional media. Atlas Data Storage span out of Twist Bioscience to commercialise the approach.
Was the week only about AI?
AI dominated, but not exclusively. Accounting platform HubSync raised $100 million led by Thoma Bravo, and youth sports brand Unrivaled Sports took a $120 million strategic investment.
