{
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  "name": "Cursor (Anysphere)",
  "url": "https://cursor.com",
  "category": "coding-agents",
  "tier": "venture",
  "one_liner": "AI-native code editor whose agents write, edit, and reason over large codebases; part of SpaceX since Aug 2026.",
  "what_the_agent_does": "Cursor's agentic editor and Cloud Agents generate multi-file PRs, answer codebase questions, and run longer tasks in the background on in-house models. About 75% of run-rate revenue now comes from business customers (company, May 2026), and Cloud Agents (Feb 2026) was credited with part of the spring revenue jump.",
  "business_model": "Subscription SaaS (individual + enterprise seats)",
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        "checked": "2026-10-16"
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    },
    {
      "label": "ARR",
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      "as_of": "2025-06",
      "source_url": "https://cursor.com/blog/series-c",
      "source_name": "Cursor blog (Series C)",
      "age_days": 488,
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      "link_check": {
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        "checked": "2026-10-16"
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    },
    {
      "label": "Valuation",
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      "value_text": "$9.9B valuation ($900M Series C)",
      "as_of": "2025-06",
      "source_url": "https://cursor.com/blog/series-c",
      "source_name": "Cursor blog (Series C)",
      "age_days": 488,
      "older_figure": false,
      "source_sync_stale_since": null,
      "superseded": true,
      "link_check": {
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        "checked": "2026-10-16"
      },
      "verification": null
    },
    {
      "label": "ARR",
      "value_usd": 1000000000,
      "value_text": "crossed $1B in annualized revenue",
      "as_of": "2025-11",
      "source_url": "https://cursor.com/blog/series-d",
      "source_name": "Cursor blog (Series D)",
      "age_days": 335,
      "older_figure": false,
      "source_sync_stale_since": null,
      "superseded": true,
      "link_check": {
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        "code": 200,
        "checked": "2026-10-16"
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      "verification": null
    },
    {
      "label": "Valuation",
      "value_usd": 29300000000,
      "value_text": "$29.3B post-money (Series D $2.3B)",
      "as_of": "2025-11",
      "source_url": "https://cursor.com/blog/series-d",
      "source_name": "Cursor blog (Series D)",
      "age_days": 335,
      "older_figure": false,
      "source_sync_stale_since": null,
      "superseded": true,
      "link_check": {
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        "checked": "2026-10-16"
      },
      "verification": null
    },
    {
      "label": "ARR",
      "value_usd": 2000000000,
      "value_text": "reportedly surpassed $2B annualized revenue (Bloomberg via TechCrunch; Cursor did not confirm)",
      "as_of": "2026-03",
      "source_url": "https://techcrunch.com/2026/03/02/cursor-has-reportedly-surpassed-2b-in-annualized-revenue/",
      "source_name": "TechCrunch",
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      "age_days": 215,
      "older_figure": false,
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      "superseded": true,
      "link_check": {
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        "code": 200,
        "checked": "2026-10-16"
      },
      "verification": null
    },
    {
      "label": "ARR",
      "value_usd": 3000000000,
      "value_text": "$3B annualized revenue in late April 2026 (person familiar, first reported by Bloomberg; restated by Forbes)",
      "as_of": "2026-04",
      "source_url": "https://www.forbes.com/sites/richardnieva/2026/06/08/cursor-4-billion-annualized-revenue/",
      "source_name": "Forbes (person familiar)",
      "confidence": "reported",
      "age_days": 184,
      "older_figure": false,
      "source_sync_stale_since": null,
      "superseded": true,
      "link_check": {
        "status": "blocked",
        "code": 403,
        "checked": "2026-10-16",
        "archive_url": "https://web.archive.org/web/20261003004721/https://www.forbes.com/sites/richardnieva/2026/06/08/cursor-4-billion-annualized-revenue/",
        "archive_timestamp": "20261003004721"
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      "verification": null
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    {
      "label": "ARR",
      "value_usd": 4000000000,
      "value_text": "topped $4B annualized revenue in early June 2026, up from $3B (late Apr) and $2B (Feb); ~75% from business customers per the company (person familiar for the $4B; Cursor did not publish it)",
      "as_of": "2026-06",
      "source_url": "https://www.forbes.com/sites/richardnieva/2026/06/08/cursor-4-billion-annualized-revenue/",
      "source_name": "Forbes (person familiar; enterprise share from the company)",
      "confidence": "reported",
      "age_days": 123,
      "older_figure": false,
      "source_sync_stale_since": null,
      "superseded": false,
      "link_check": {
        "status": "blocked",
        "code": 403,
        "checked": "2026-10-16",
        "archive_url": "https://web.archive.org/web/20261003004721/https://www.forbes.com/sites/richardnieva/2026/06/08/cursor-4-billion-annualized-revenue/",
        "archive_timestamp": "20261003004721"
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      "verification": null
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    {
      "label": "Valuation",
      "value_usd": 60000000000,
      "value_text": "acquired by SpaceX at an implied equity value of $60.0B, paid in SpaceX Class A stock (merger effective Aug 14 2026)",
      "as_of": "2026-08-14",
      "source_url": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026056945/spcx-20260814.htm",
      "source_name": "SpaceX Form 8-K (SEC)",
      "age_days": 63,
      "older_figure": false,
      "source_sync_stale_since": null,
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      "link_check": {
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        "code": 200,
        "checked": "2026-10-16"
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      "verification": null
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  "founded": 2022,
  "team_size_text": "over 300 engineers, researchers, designers, and operators (Nov 2025)",
  "lessons": [
    "Moving upmarket from individual developers to enterprise seats is how a dev tool scales past early adopters: business customers went from ~60% (Mar 2026) to ~75% of run rate (May 2026).",
    "Enterprise mix can offset consumer churn when competing coding agents undercut price.",
    "Shipping background agents (Cloud Agents, Feb 2026) coincided with run rate doubling from $2B to $4B in about four months (press-reported).",
    "Compute became the binding constraint at scale: Cursor sold to SpaceX ($60B in stock) largely for GPU access to train cheaper, stronger in-house models."
  ],
  "tags": [
    "acquisition",
    "anysphere",
    "cloud-agents",
    "coding",
    "enterprise",
    "ide"
  ],
  "last_verified": "2026-10-16",
  "ownership": {
    "status": "acquired",
    "acquirer": "SpaceX",
    "as_of": "2026-08",
    "source_url": "https://cursor.com/blog/joining-spacex",
    "source_name": "Cursor blog (Aug 14 2026)"
  },
  "agentic_origin": "agent-native",
  "url_profile": "https://mrrledger.com/b/cursor/",
  "annualized_revenue_usd": 4000000000,
  "annualized_revenue_basis": "ARR (reported)",
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  "older_figure": false,
  "verified_corroboration": null,
  "headline_verification": null,
  "age_days": 123,
  "tier_label": "Venture-backed",
  "tier_note": "Has raised outside venture funding (e.g. Y Combinator or VC rounds). Says nothing about revenue size.",
  "independent": false,
  "ownership_watch": null,
  "last_ownership_check": "2026-10-16",
  "revenue_disclosed": true,
  "badge_url": "https://mrrledger.com/badge/cursor.svg",
  "badge_plain_url": "https://mrrledger.com/badge/cursor-plain.svg",
  "growth_series": [
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      "annualized_usd": 100000000,
      "label": "ARR",
      "value_usd": 100000000,
      "value_text": "exceeded $100M in recurring revenue (company Series B)",
      "source_url": "https://cursor.com/blog/series-b",
      "source_name": "Cursor blog (Series B)",
      "confidence": null,
      "annualization": null,
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    },
    {
      "as_of": "2025-06",
      "annualized_usd": 500000000,
      "label": "ARR",
      "value_usd": 500000000,
      "value_text": "over $500M ARR (company Series C)",
      "source_url": "https://cursor.com/blog/series-c",
      "source_name": "Cursor blog (Series C)",
      "confidence": null,
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    {
      "as_of": "2025-11",
      "annualized_usd": 1000000000,
      "label": "ARR",
      "value_usd": 1000000000,
      "value_text": "crossed $1B in annualized revenue",
      "source_url": "https://cursor.com/blog/series-d",
      "source_name": "Cursor blog (Series D)",
      "confidence": null,
      "annualization": null,
      "source_sync_stale_since": null
    },
    {
      "as_of": "2026-03",
      "annualized_usd": 2000000000,
      "label": "ARR",
      "value_usd": 2000000000,
      "value_text": "reportedly surpassed $2B annualized revenue (Bloomberg via TechCrunch; Cursor did not confirm)",
      "source_url": "https://techcrunch.com/2026/03/02/cursor-has-reportedly-surpassed-2b-in-annualized-revenue/",
      "source_name": "TechCrunch",
      "confidence": "reported",
      "annualization": null,
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    {
      "as_of": "2026-04",
      "annualized_usd": 3000000000,
      "label": "ARR",
      "value_usd": 3000000000,
      "value_text": "$3B annualized revenue in late April 2026 (person familiar, first reported by Bloomberg; restated by Forbes)",
      "source_url": "https://www.forbes.com/sites/richardnieva/2026/06/08/cursor-4-billion-annualized-revenue/",
      "source_name": "Forbes (person familiar)",
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      "annualization": null,
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    },
    {
      "as_of": "2026-06",
      "annualized_usd": 4000000000,
      "label": "ARR",
      "value_usd": 4000000000,
      "value_text": "topped $4B annualized revenue in early June 2026, up from $3B (late Apr) and $2B (Feb); ~75% from business customers per the company (person familiar for the $4B; Cursor did not publish it)",
      "source_url": "https://www.forbes.com/sites/richardnieva/2026/06/08/cursor-4-billion-annualized-revenue/",
      "source_name": "Forbes (person familiar; enterprise share from the company)",
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      "category": "coding-agents",
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    {
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      "category": "coding-agents",
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      "compare_url": "https://mrrledger.com/compare/?a=cursor&b=factory",
      "score": 6,
      "why": [
        "same category",
        "same tier",
        "shared: enterprise"
      ]
    },
    {
      "slug": "lovable",
      "name": "Lovable",
      "category": "coding-agents",
      "tier": "venture",
      "category_label": "Coding agents",
      "tier_label": "Venture-backed",
      "one_liner": "Vibe-coding platform whose agent builds full apps from natural language.",
      "annualized_revenue_usd": 600000000,
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      "confidence": null,
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      "score": 6,
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    {
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      "category": "coding-agents",
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      "tier_label": "Venture-backed",
      "one_liner": "Agentic software-creation platform for non-engineers and enterprises.",
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      "compare_url": "https://mrrledger.com/compare/?a=cursor&b=replit",
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}