Cursor
“Can an AI code editor become the default operating environment for all software development, capturing the full workflow from ideation to deployment?”
Founded2022
HQSan Francisco, CA, USA
FoundersMichael Truell
Total raised$2.0B+
Latest roundSeries D, 2025
Valuation$29.3B post-money (2025)
IndustryHorizontal SaaS / AI Developer Tools
The story
Founded in 2022 as an AI-powered code editor, Cursor (by Anysphere, Inc.) grew from a developer-focused IDE to the most widely adopted AI coding platform in enterprise environments within three years. The company's rapid ARR trajectory — from $0 to over $1B in roughly three years — reflects the broader market shift toward agentic AI developer tooling. Cursor has deepened its enterprise go-to-market with privacy controls, SOC 2 Type II, and data governance infrastructure while scaling payment and billing infrastructure via Stripe to support its subscription and usage-based revenue model.
Last 12 months
Product timeline
2022
Anysphere, Inc. founded in San Francisco to build an AI-powered code editor.· pivot
2023
Cursor AI coding assistant launched publicly, targeting developers seeking AI-augmented coding.· banking
2024
Raised Series A ($60M) and Series B ($105M) within months; ARR reached $300M+.· acquisition
2025
Raised Series C ($900M) at $9.9B valuation; Bloomberg called Anysphere 'fastest growing startup ever'.· acquisition
2025
Raised Series D ($2.3B) at $29.3B post-money valuation; ARR crossed $1B.· acquisition
2026
Team grows to 700+ employees; enterprise security hardening and SOC 2 Type II certification obtained.· banking
The stack
1 layer disclosed in Cursor’s embedded-finance stack
Payments / PSP
Accounting gap: none