💰The Funding Letter #1664: May 6

Anysphere, Forge Nano, Recraft, and more...

May 06, 2025

Good Morning! This exclusive edition of The Funding Letter comes to you from our headquarters in New York City. 🔥New Sales Gigs from Reducto & Persona below!

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Source: @sales_bant_er

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🌎 Americas

Anysphere builds an AI-powered coding platform, Cursor, that allows software developers and technology companies to improve workflow efficiency, reduce manual effort, and accelerate software development processes. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $900M, Venture - Series Undisclosed ($9B Valuation)

Round Investors: Thrive Capital (lead), Accel, Andreessen Horowitz

🚀Growth Focus: Expand operations and its development efforts.

HQ: San Francisco, CA

Industry: Software Development

Employee Count: 497 (⚡1000% increase in last 6 months)

Forge Nano provides precision nano-coating technology to drive improvement daily to create innovative materials and sustainable products, enabling the manufacturing sector to get angstrom-thick coatings fast, affordable, and commercially viable for a wide range of materials. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $40M, Venture - Series Undisclosed

Round Investors: Ascent Hydrogen Fund (lead), Rock Creek (lead), OIC, Top Material

🚀Growth Focus: Scale U.S. battery manufacturing and commercial semiconductor equipment businesses.

HQ: Thornton, CO

Industry: Nanotechnology Research

Employee Count: 116

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