Cursor has reportedly surpassed $2B in annualized revenue

The AI ​​coding assistant Cursor has Exceeded $2 billion in annualized revenue, according to a Bloomberg source. This person says the four-year-old startup has seen its revenue double in the past three months.

The revelation seems to come at the right time to counter a recent wave of skepticism. Last week, tweets went viral He wondered if Cursor’s momentum was stalling, citing high-profile defections of individual developers to competing tools, most notably Anthropic’s Claude Code.

Founded in 2022, Cursor initially sold its product mainly to individual developers. Over the past year, however, the company has focused more on bringing in large corporate buyers, which now account for about 60% of sales, according to Bloomberg.

While some individual developers and smaller startups have done so switched from Cursor According to Claude Code, which is seen as more competitively priced, this attrition appears to be due to higher-spending business customers who tend to stick around longer.

In addition to Claude Code, OpenAI’s coding tool Codex is also competing for market share in the fast-growing AI-assisted software development market. Other startups in the space include Replit, Cognition and Lovable.

Cursor was last valued at $29.3 billion when it raised a $2.3 billion funding round co-led by Accel and Coatue in November.

Cursor did not immediately respond to our request for comment.