Ai coding startups are printing valuations faster than code
ai coding startups are printing valuations faster than code: anysphere took $2b at a $50b pre-money in april, doubling the $29.3b mark cursor printed five months earlier, and cognition raised $2b at $48b in september. the autonomous coding sector absorbed over $15b across 2025-26, and three companies took 94% of the $3.87b in disclosed code-assistant rounds. the open-source assistants got the users; the paid ones got the capital.
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The air is now being asked to keep its own ledger
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