Anysphere (Cursor)
AI-powered code editor forked from VS Code for developers.
Updated May 2026
Overview
- Website
- cursor.com
- Founded
- 2022
- Headquarters
- San Francisco, CA
- Posture
- Code Copilots & IDEs
Product overview
Cursor is an AI-assisted integrated development environment (IDE) developed by Anysphere, a San Francisco-based startup founded in 2022. It is a proprietary fork of Visual Studio Code with features like AI autocomplete, natural language code generation, smart rewrites, and codebase indexing. Used by over 60% of Fortune 500 companies, it generates millions of lines of enterprise code daily and recently raised $2.3B at a $29.3B valuation.
Revenue model
Enterprise subscriptions for AI coding platform
Moat
- Scale Advantages
- Network Effects
- Brand
- Proprietary Technology
- Distribution
Anysphere (Cursor) benefits from rapid adoption and scale advantages, with millions of active users, over half of the Fortune 500 as customers, and explosive revenue growth from $100M ARR in late 2024 to $500M by mid-2025, alongside proprietary AI features like next-line code prediction and autonomous coding.
Headwinds
Microsoft's GitHub Copilot and VS Code dominance could limit market share expansion despite current traction.