Cursor
AI-first code editor; legal entity Anysphere Inc., holder of the fastest path to $100M ARR in SaaS history
SectorsAI Software
Market Metrics
Valuation (Nov 2025 Series D)
$29.3B
$50B reported in talks (Apr 2026)
Annualized Revenue (Feb 2026)
~$2B
0 to $2B ARR in ~3 years; forecasting ~$6B by end-2026
ARR Growth Speed
$1M to $100M in 12 mo
Fastest in SaaS history per ICONIQ benchmark
Employees
~100
Among the highest revenue-per-employee in software
Updated at 2026-Q1
Funding History
Total raised: ~$3.5B+ · Latest valuation: $29.3B
| Round | Date | Amount | Valuation | Key Investors |
|---|---|---|---|---|
| Pre-Seed | Late 2022 | $11M | - | OpenAI Startup FundNat FriedmanDaniel Gross |
| Series A | Aug 2024 | $60M | $400M | Andreessen Horowitz (lead)OpenAI Startup FundThrive Capital |
| Series B | Dec 2024 | $105M | $2.5B | Thrive Capital (lead)Andreessen HorowitzBenchmarkStripe |
| Series C | May 2025 | $500M | $9B | Thrive Capital (lead)Andreessen HorowitzAccelDST Global+1 more |
| Extension | Jun 2025 | $400M | $9.9B | Thrive Capital (lead)Accel |
| Series D | Nov 2025 | $2.3B | $29.3B | Coatue (lead, reported)Andreessen HorowitzThrive Capital |
Updated at 2026-Q1
Product Specifications
| Product | Type | Status |
|---|---|---|
| Cursor (Pro / Business / Enterprise) | AI-first code editor (VS Code fork) | GA |
| Tab | Multi-line, multi-file predictive completion | GA |
| Composer | Multi-file agentic edits with diff preview | GA |
| Agent Mode | Long-horizon autonomous coding agent in the editor | GA |
| BugBot | Background agent that reviews PRs and suggests fixes | GA (Feb 2025) |
| Cursor CLI | Terminal-side coding agent (post Claude Code competitive response) | GA (Sep 2025) |
| Custom Model Router | Auto-selects between OpenAI / Anthropic / xAI / open-weight per task | GA |
Updated at 2026-Q1
Partnerships & Investors
AnthropicModel Supplier
Claude Sonnet / Opus are the primary back-end models for Cursor Tab and Agent.
OpenAIModel Supplier + Investor
OpenAI Startup Fund pre-seed + Series A investor; GPT models available in Cursor.
xAIModel Supplier
Grok 4 available in Cursor model picker (Aug 2025).
Microsoft (GitHub)Coopetition
Cursor is a VS Code fork; relationship with Microsoft tense as GitHub Copilot is the direct competitor.
AWS / Anthropic BedrockCloud
Bedrock used for Claude inference for enterprise customers requiring data-residency.
StripeStrategic / Investor
Series B investor; Cursor a top reference customer for Stripe's Atlas + agentic-billing products.
Updated at 2026-Q1
Key Milestones
2022
Anysphere Founded
Michael Truell, Sualeh Asif, Arvid Lunnemark, Aman Sanger (all MIT undergrad) start Anysphere
Mar 2023
Cursor v0 Launch
VS Code fork with first-class LLM integration ships to public
Aug 2024
Series A at $400M
First priced round; a16z + OpenAI Startup Fund
Dec 2024
Series B at $2.5B
$1M to $100M ARR in 12 months (fastest SaaS in history per ICONIQ benchmark)
Jan 2025
Cursor Agent
Background agents (BugBot, Composer) launched; multi-file autonomous edits
May 2025
Series C at $9B
$500M from Thrive; ARR reportedly crosses $300M run-rate
Jun 2025
Series C Extension at $9.9B
Additional $400M co-led by Accel; reportedly $500M+ ARR
Nov 2025
Series D at $29.3B
$2.3B raise roughly triples the June valuation
Feb 2026
$2B Annualized Revenue
Reaches ~$2B ARR in roughly three years; forecasts ending 2026 above a $6B run-rate
Apr 2026
$50B Round in Talks (reported)
In advanced talks for a ~$2B round at a $50B valuation, co-led by a16z and Thrive with NVIDIA participating (per TechCrunch)
Updated at 2026-Q1