[DigitalToday reporter Chi-gyu Hwang (황치규)] AI coding tool Cursor has surpassed $2 billion in annualised revenue, TechCrunch reported on March 3. The figure doubled in three months.
Cursor's announcement appears intended to dispel doubts raised recently in the industry. Some developers have moved to rival Anthropic's "Claude Code," prompting questions over whether Cursor's growth has slowed, the report said.
Cursor has stabilised its revenue structure by securing large corporate customers. Bloomberg reported that 60 percent of Cursor's revenue currently comes from big companies.
Developer churn has not been absent. Some individual developers and startups switched to Claude Code, citing price competitiveness, but large corporate customers are maintaining loyalty to Cursor, TechCrunch reported.
Cursor has been valued at $29.3 billion since raising $2.3 billion in an investment led jointly by Accel and Coatue in November last year.
Chi-gyu Hwang
delight@d-today.co.kr