Cursor, the AI code editor developed by Anysphere, reached $100 million in annual recurring revenue faster than any software company in history. By mid-2026, its annualized revenue reached $4 billion, representing a 100% increase from 2023. The company, founded by four MIT dropouts, now serves 60% of the Fortune 500 companies. It competes against well-resourced rivals like Microsoft’s GitHub Copilot and Anthropic’s Claude Code.
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