Anything: Vibe-coding Startup Reaches $100M Valuation & $2M ARR in Two Weeks

The burgeoning trend of "vibe coding," which leverages AI-powered tools to create applications and websites through natural language prompts, is experiencing an undeniable surge in popularity. This rapid ascent has propelled a multitude of companies in the sector to remarkable growth, with many competitors quickly gaining significant traction. Nikhil Basu Trivedi, co-founder and general partner at VC firm Footwork, aptly notes, "This is one of those spaces where every company is growing like a weed."

Despite this impressive expansion, Basu Trivedi highlights a crucial limitation among many existing vibe-coding startups like Lovable and Replit: while they excel at prototype development, they often fall short in enabling users to launch production-ready software. The core issue, he explains, lies in their failure to provide the comprehensive infrastructure nontechnical users require to bring a functional product to market.

It is against this backdrop of rapid growth and identified need that Anything emerges, securing an $11 million financing round at a $100 million valuation. This investment was led by Footwork, with additional backing from Uncork, Bessemer, and M13, a testament to the company's compelling growth rate that convinced Basu Trivedi of its potential even in a crowded market.

Co-founded by former Google colleagues Dhruv Amin and Marcus Lowe, Anything is specifically engineered to empower nontechnical individuals to generate complete web and mobile applications. Amin candidly remarks on the shortcomings of other vibe-coding tools, stating, "You haven’t really seen real businesses built on top of any of these tools." Anything's ambition is clear: "We want to be the Shopify of the space, where people build apps that make money on top of us."

This vision is already manifesting, with Amin reporting that users have successfully utilized Anything to develop fully functional applications now available on the AppStore, including a habit tracker, a CPR training course, and a hairstyle "try-on" app. Crucially, some of these applications are beginning to generate revenue. Amin attributes this success to Anything's integrated approach, which eliminates the need for users to configure and connect various other essential tools to their AI-generated prototypes, providing an end-to-end solution.

The concept of an AI-assisted, soup-to-nuts app builder crystallized for Amin and Lowe less than a year ago. Their partnership dates back to 2021, initially focusing on a bootstrapped development marketplace that combined AI coding tools with human developers. However, the pre-LLM era business, which was generating an annualized run rate of approximately $2 million, revealed a clear path forward: generative AI offered the promise of delivering applications faster and more cost-effectively than their existing marketplace model. Consequently, in 2023, they pivoted, winding down their previous venture to concentrate on developing their AI-powered app-building tool, securing pre-seed and seed funding from Uncork and Bessemer Venture Partners along the way.

Despite the intense competition within the sector, Basu Trivedi remains unfazed. He believes there's ample demand, asserting, "It seems there’s enough demand out there for different types of app-building products," suggesting a broad market capable of supporting diverse solutions.