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CursorAI-first code editor; legal entity Anysphere Inc., holder of the fastest path to $100M ARR in SaaS history
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
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 |
| 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 |
Claude Sonnet / Opus are the primary back-end models for Cursor Tab and Agent.
OpenAI Startup Fund pre-seed + Series A investor; GPT models available in Cursor.
Grok 4 available in Cursor model picker (Aug 2025).
Cursor is a VS Code fork; relationship with Microsoft tense as GitHub Copilot is the direct competitor.
Bedrock used for Claude inference for enterprise customers requiring data-residency.
Series B investor; Cursor a top reference customer for Stripe's Atlas + agentic-billing products.
Michael Truell, Sualeh Asif, Arvid Lunnemark, Aman Sanger (all MIT undergrad) start Anysphere
VS Code fork with first-class LLM integration ships to public
First priced round; a16z + OpenAI Startup Fund
$1M to $100M ARR in 12 months (fastest SaaS in history per ICONIQ benchmark)
Background agents (BugBot, Composer) launched; multi-file autonomous edits
$500M from Thrive; ARR reportedly crosses $300M run-rate
Additional $400M co-led by Accel; reportedly $500M+ ARR
$2.3B raise roughly triples the June valuation
Reaches ~$2B ARR in roughly three years; forecasts ending 2026 above a $6B run-rate
In advanced talks for a ~$2B round at a $50B valuation, co-led by a16z and Thrive with NVIDIA participating (per TechCrunch)
AI-native code editor built on VS Code. Approximately $200M+ ARR by mid-2025 per The Information reporting. Pricing $20 per month (Pro) and $40 per month (Business). Model mix is Anthropic Claude plus OpenAI GPT plus a proprietary Cursor model for fast completions. Series, mid-2025, raised $900M at a $9B valuation led by Thrive and a16z. Cursor was founded in 2022, is headquartered in San Francisco, CA and employs ~100.
Cursor has raised ~$3.5B+ in total at a $29.3B valuation, based on the funding rounds Sterling tracks.
Sterling groups Cursor in the AI Software sector, alongside OpenAI (private), Anthropic (private), SpaceXAI (private), Mistral AI (private), DeepSeek (private) and Cohere (private).
If you are researching Cursor, also look at Alibaba (Qwen), Tencent (Hunyuan) and Baidu (Ernie). You can compare all of them side by side or browse the full AI Software sector on Sterling.
