Cursor, an AI coding assistant, has surpassed $2 billion in annualized revenue, according to a Bloomberg source, with its revenue run rate doubling over the past three months.
This disclosure counters recent skepticism regarding the startup’s market momentum, with the company’s shift to corporate clients now shielding it from attrition among individual developers switching to competitors. The company was founded in 2022.
Cursor’s revenue growth is driven by a strategic pivot to large corporate buyers, with these clients now accounting for approximately 60% of revenue, according to Bloomberg.
Individual developers have defected to competing tools like Anthropic’s Claude Code, but this attrition has not significantly affected higher-spending corporate customers, who tend to be more loyal.
The AI-assisted software development market remains highly competitive, with competitors including OpenAI’s Codex, Replit, Cognition, and Lovable.
Cursor was last valued at $29.3 billion in November after raising a $2.3 billion funding round co-led by Accel and Coatue. Cursor did not immediately respond to a request for comment.
