Windsurf, the maker of a popular AI coding assistant, is in speak with be acquired by OpenAI for about $3 billion, Bloomberg reported.If the offer occurs, it would put OpenAI in direct competition with a variety of other AI coding assistant suppliers, including Anysphere, the maker of Cursor, which OpenAI backed from its OpenAI Startup Fund.The acquisition might jeopardize the reliability of the OpenAI Startup Fund, considered that it is among Cursors most significant investors, stated an individual acquainted with Cursors cap table.
Its unclear whether OpenAI approached Cursor about an acquisition.In addition to what sources informed Bloomberg, there are a few more hints that something is going on between the 2 companies.
A couple of days ago, Windsurf users received an email that stated that since of an announcement later on this week, they have the alternative to lock in access to the coding editor at $10 a month.ScreenshotAnd OpenAI Chief Product Officer Kevin Weil likewise released a video the other day applauding Windsurfs capabilities.Windsurf, the company previously called Codeium, has actually been in talks to raise fresh funds at a $2.85 billion appraisal led by Kleiner Perkins, A Technology NewsRoom reported in February.
The business has actually reached about $40 million in annualized recurring income (ARR), according to our reporting.
That profits run rate is much lower than Cursors, which reportedly makes $200 million on an ARR basis.
Cursor has actually been in speak to raise capital at about $10 billion evaluation, Bloomberg reported last month.Since its founding in 2021 by Varun Mohan and his childhood good friend and fellow MIT graduate, Douglas Chen, Windsuf has actually raised $243 million from investors consisting of Greenoaks Capital and General Catalyst, according to PitchBook data.Additional reporting by Sarah Perez