Anysphere
American software company
From Wikipedia, the free encyclopedia
Anysphere, Inc., doing business as Cursor, is an American software company which develops Cursor, an AI-assisted software development service. Founded in 2022, the San Francisco-based startup achieved a US$29.3 billion valuation and surpassed US$2 billion in annual recurring revenue by early 2026.[3] Cursor is commonly described as a vibe coding app.[5][6][7][8]
 | |
| Cursor | |
Company type | Private |
| Industry | Artificial intelligence · developer tools |
| Founded | 2022[1] |
| Founders | Michael Truell · Sualeh Asif · Aman Sanger · Arvid Lunnemark[1] |
| Headquarters | San Francisco, California , United States |
Key people | Michael Truell (CEO) Sualeh Asif (CPO) Aman Sanger (COO)[2] |
| Products | Cursor |
| Revenue |  US$1 billion ARR (Nov 2025)[3] |
Number of employees | ~300 (2025)[4] |
History
The company was incorporated in 2022 by Michael Truell, Sualeh Asif, Arvid Lunnemark and Aman Sanger while they were students at Massachusetts Institute of Technology (MIT).[1] In October 2023 the startup announced an US$8 million seed round led by the OpenAI Startup Fund, with angels including former GitHub CEO Nat Friedman and Dropbox co-founder Arash Ferdowsi.[1]
In November 2024 TechCrunch reported that Benchmark, Index Ventures and others were bidding up Cursor's valuation to about US$2.5 billion, four months after a US$60 million Series A that had valued the company at US$400 million.[9]
In March 2025 the company was reported to be negotiating a round that would value it near US$10 billion.[10] On 5 June 2025, Cursor confirmed a US$900 million Series C led by Thrive Capital, lifting its post-money valuation to US$9.9 billion.[11]
Cursor crossed US$100 million in annual recurring revenue (ARR) in January 2025, and topped US$500 million ARR by June 2025.[12]
In April 2025, an AI help-desk program named "Sam" invented a non-existent login policy, triggering user cancellations before staff intervened and issued refunds.[13]
In October 2025, co-founder and Chief Technology Officer Arvid Lunnemark left the company to found a safety-focused AI research lab, Integrous Research.[citation needed]
On 13 November 2025, Cursor closed a US$2.3 billion Series D funding round co-led by Accel and Coatue Management, valuing the company at US$29.3 billion. The round included participation from strategic partners Google and Nvidia.[citation needed] Following this round, the company reported its annualized revenue had exceeded US$1 billion.[3]
In April 2025, Cursor was featured in the Forbes AI 50 list.[14]
In early 2026, Bloomberg and The Information reported that Cursor was in discussions to raise approximately US$5 billion at a valuation of between US$50 billion and US$60 billion, which would roughly double the Series D valuation within four months.[15]
In April 21, 2026, xAI announced that it struck a deal with Cursor to have the right to acquire the company for $60 billion later this year, or to pay $10 billion for work they are doing together.[16]
Products
Cursor is a fork of Visual Studio Code that integrates AI-assisted software development capabilities directly into the editor.[1]
A July 2025 change to Cursor's US$20 Pro plan, switching from 500 requests to a usage-metered cap, provoked complaints about unexpected charges; the firm rolled back limits and promised refunds.[17]
The editor integrates generative models from Anthropic, OpenAI and others.[2] In July 2025, Cursor launched “Bugbot”, a debugging tool integrated with GitHub and sold as an add-on for $40 per user per month.[6]
Acquisitions
In November 2024, Cursor acquired Supermaven, an AI code-completion startup founded by Jacob Jackson, for an undisclosed sum.[18] The Supermaven team was folded into Cursor, and Supermaven's standalone product was wound down in late 2025.[19]
In July 2025, Cursor acquired top engineering talent from Koala, an AI-powered customer relationship management startup, to staff a new enterprise-readiness team; Cursor did not adopt Koala's CRM product, and Koala subsequently shut down.[20] Around the same time, Cursor hired Travis McPeak, co-founder and CEO of cybersecurity startup Resourcely, to lead its security team.[20]
In December 2025, Cursor agreed to acquire Graphite, a New York-based code-review startup, in a cash-and-equity deal reported to be well above Graphite's most recent US$290 million valuation.[21][22]
Business
Controversies
In April 2025, an AI help-desk agent named “Sam” invented a non-existent login policy, prompting user cancellations before staff apologized and issued refunds.[24] A July 2025 change to Cursor’s Pro plan pricing drew complaints about unexpected charges; the company apologized, rolled back limits, and said it would refund affected users.[25]