Anysphere (Cursor)
AI Code Editor
- Valuation
- $29.3B(Series D, Nov 2025); acquired by SpaceX for $60B in stock, closed Aug 2026
- Total Funding
- ~$3.3B+
- Revenue
- ~$4B annualised(mid-2026), roughly 75% enterprise
- Profit Status
- Pre-profit,explosive growth
- Revenue Growth
- >1000% YoY
- Employees
- ~200
About Anysphere (Cursor)
Anysphere is the company behind Cursor, the AI-first code editor that became the fastest-growing developer tool in history. Cursor is a fork of VS Code with native multi-model AI capabilities (Claude, GPT-4, Gemini), full codebase context, agentic multi-file editing, and background agents. It reached $3B ARR by April 2026, with 64% of Fortune 500 companies adopting it. The company is in valuation discussions at $50B as of June 2026.
Company History
Founded in 2022 by four MIT students. Built Cursor as a VS Code fork with deep AI integration. Grew viral after Claude 3.5 Sonnet integration mid-2024. Hit $100M ARR by January 2025 — one of the fastest in developer tools history. Series C at $9.9B (Andreessen Horowitz, Thrive Capital) in May 2025. Hit $3B ARR by April 2026 with 64% Fortune 500 penetration. Secondary market valuation discussions at $50B as of June 2026. Cursor's success spawned the 'AI-first IDE' category and forced GitHub Copilot to accelerate roadmap.
Company Timeline
7 milestones- 2022Founded by four MIT students; built Cursor as VS Code fork
- Mar 2023Cursor public launch
- Aug 2024$60M Series A at $400M valuation; Claude 3.5 Sonnet integration drives viral growth
- Jan 2025Hit $100M ARR — fastest developer tool to do so
- May 2025$9.9B Series C (a16z, Thrive); Cursor 1.0 with background agents
- Apr 2026$3B ARR; 64% Fortune 500 adoption; 1M+ DAU
- Jun 2026$50B valuation discussions in secondary market
Funding Rounds
2 rounds| Date | Round | Amount | Investors |
|---|---|---|---|
| Aug 2024 | Series A | $60M | a16z, $400M valuation |
| May 2025 | Series C | $105M | a16z, Thrive Capital, $9.9B valuation |
Products & Services
5- Cursor (AI-first IDE)
- Cursor Tab (autocomplete)
- Background Agents
- BugBot
- Cursor Memory
People & ecosystem
Key People
- Michael Truell (CEO/Co-founder)
- Sualeh Asif (Co-founder)
- Aman Sanger (Co-founder)
- Arvid Lunnemark (Co-founder)
Key Investors
- Andreessen Horowitz (a16z)
- Thrive Capital
- OpenAI (personal investments)
- Patrick Collison
- Stripe
Competitive Landscape
- GitHub (Copilot)
- Windsurf (Cognition)
- JetBrains AI
- Zed AI