Vibe-coding platform that powers half of the Fortune 500 gets $900M to cement its position
The Cursor team boasts that over half of the Fortune 500 companies, including Nvidia, Uber, and Adobe, are using the AI code editor.
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The Cursor team boasts that over half of the Fortune 500 companies, including Nvidia, Uber, and Adobe, are using the AI code editor.
Anysphere, an automating code research lab, has announced a $900 million round at a $9.9 billion valuation from Thrive, Accel, Andressen Horowitz, and DST to improve Cursor, a popular AI coding platform.
“This scale will help us push the frontier of AI coding research,” Anysphere said in a brief announcement.
Alex Banks, the writer behind a popular newsletter about AI, The Signal, said that Anysphere has cemented its leading position in AI coding assistants.
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“I use Cursor weekly – it’s been instrumental in helping teach myself full-stack development. You can ask unlimited “whys” in the chat pane and really uncover the ground truths of what’s actually going on. This would never otherwise be possible without LLMs, and Cursor’s effortlessly simple UI makes it a sticky product – historically doubling ARR every two months is no joke,” Banks writes.
Anysphere said that Cursor had grown to over $500 million in ARR (Annual Recurring Revenue).
A recent Cybernews vox populi of programmers demonstrated that nearly every one of them has to use LLMs for coding. Many don’t like it so much but often feel pressured by management to work more efficiently and rely on AI tools – with Cursor being among the most popular – to boost productivity.
While tools like Cursor are becoming increasingly widespread, they are far from perfect and need further development. Just last week, security researchers flagged a flaw in another popular so-called vibe-coding platform, Lovable, that allowed unauthorized users to access sensitive user information.