Cursor's Massive Traction

Cursor, the coding assistant made by Anysphere, is in talks to raise at least $2 billion at a roughly $50 billion valuation, according to TechCrunch and Bloomberg. (techcrunch.com) (bloomberg.com) The company’s annualized revenue reached $2 billion in February 2026, Bloomberg reported, about double its run rate from three months earlier. Bloomberg also reported that about 60% of that revenue came from corporate customers buying seats for teams. (bloomberg.com) TechCrunch reported on April 17 that Cursor told investors it now serves roughly 70% of the Fortune 1,000. That would put the product inside hundreds of large companies, not just among individual developers paying for subscriptions. (techcrunch.com) Cursor sells software that sits inside a programmer’s editor and helps write, edit, and debug code as the person works. The pitch to companies is simple: put the assistant where engineers already spend their day, then sell more seats as teams adopt it. (cursor.com) (anysphere.inc) The valuation jump has been fast. Cursor announced a $2.3 billion Series D in November 2025 at a $29.3 billion post-money valuation and said at the time that it had passed $1 billion in annualized revenue. (cursor.com) Before that, Anysphere raised $900 million at a $9.9 billion valuation in June 2025, with Thrive Capital leading and Andreessen Horowitz, Accel, and DST Global participating, according to TechCrunch and Crunchbase News. (techcrunch.com) (news.crunchbase.com) Investor demand for the company had started even earlier. TechCrunch reported in November 2024 that unsolicited offers for Anysphere rose as high as $2.5 billion, four months after a $60 million Series A that valued the company at $400 million. (techcrunch.com) The company has also been broadening the product around the core editor. TechCrunch reported in June 2025 that Anysphere launched a $200-a-month Cursor subscription, and its tag page shows the company later acquired Graphite after buying Supermaven in 2024. (techcrunch.com) The numbers point to a market that is paying for software tied to daily engineering work, not only for foundation models underneath it. If the new round closes near the reported terms, Cursor will have moved from a $29.3 billion valuation in November 2025 to about $50 billion within months. (cursor.com) (techcrunch.com)