Cursor (Anysphere)

AI-native IDE built on a fork of VS Code.

AIUnited States·Founded 2022·ISO/NSO equity·cursor.com ↗

Source-audited Jun 12, 2026

No longer a private company

Cursor (Anysphere) has exited the private market — see the notice above for the public ticker or acquisition terms. Our 4-method private valuation no longer applies, so we don't show a secondary-market estimate here. The funding history and data below remain for reference.

Last private financing: $29.3B (Series D · 2025-11-13)

Last primary round

$29.3B

Series D · 10mo ago

Secondary signal

—

No verified secondary signal

No verified public secondary signal is available. Hiive/Forge links are monitoring links only, not evidence of a current executable price.

Headcount

400

employees · LinkedIn+100%

LinkedIn count — directional proxy only. Historical figure sourced via Wayback Machine; treat ±15% as normal variance.

Revenue (est.)

$2.0B

annual run rate · est.

Complete company data

Every input we use, where we got it from, and how much we trust it.

✓

Source verification: CNBC Nov 2025 · $29.3B Series D · manual-source-audit-2026-06

Field	Value	Source & Verification	Confidence
Company fundamentals
Sector	AI	Editorial classification	high
Headquarters	United States	Company website · Crunchbase	high
Founded	2022	Company website · Wikipedia	high
Website	cursor.com	Direct	high
Last primary round
Post-money valuation	$29.3B	CNBC Nov 2025 ↗[source-audited Jun 2026]	high
Round name	Series D	CNBC Nov 2025 ↗	high
Date	2025-11-13 (10 months ago)	CNBC Nov 2025	high
Lead investor	Accel / Coatue	CNBC Nov 2025	high
Amount raised	$2.3B	CNBC Nov 2025 ↗	medium
Capitalization
Total fully-diluted shares	10.795M	Derived/estimated — SEC Form D filings, secondary price math, cap-table summaries[estimated — not authoritative] › notes Public total fully-diluted share count: estimated from SEC Form D filings, secondary-market pricing math (implied valuation ÷ price per share), and leaked cap-table summaries. Considered the lowest-confidence input.	low
Implied share price (illustrative only)	~$2,907	$29.3B anchor × 1000 ÷ 10.795455M shares[derived] › notes Wide method spread — treat as illustrative mechanics only. The last primary round is a more reliable anchor for high-stakes decisions.	low
Primary equity type granted	ISO/NSO	Public reports of company equity practices	high
Financials
Annual revenue (est.)	$2,000M	Estimated — best available public estimates (Sacra, The Information, company ARR disclosures, press reports)[estimated — not independently verified] › notes Annual revenue: best public estimates from Sacra, The Information, WSJ leaks, or company-stated ARR. Where official, we cite the source on the funding round.	medium
EV / Revenue (implied)	14.7x	Computed from valuation ÷ revenue[derived]	medium
Headcount
Employees (now)	400	LinkedIn — current company page count › notes Headcount: LinkedIn 'Company' page employee count, taken now and approximately 12 months ago via the Wayback Machine. Treat as a directional proxy for revenue growth, not a hard number.	medium
Employees (12 months ago)	200	LinkedIn company page — historical snapshot via Wayback Machine[estimated — ±15% directional proxy]	medium
12-month headcount growth	+100%	Computed[derived]	medium
Methodology inputs
Sector ETF proxy	WCLD	Editorial choice — most representative public ETF › notes Sector ETF: editorial choice of the most representative public-market proxy. Annual return: 3-year trailing average from Yahoo Finance, refreshed quarterly.	medium
ETF annual return (trailing 3-yr)	22%	Yahoo Finance · refreshed quarterly	medium

Funding history

Primary rounds reported in Bloomberg, WSJ, TechCrunch, Reuters, or SEC Form D filings (efts.sec.gov). Linked per round below.

Valuation progression (equity rounds)

Valuation progression · equity rounds

$29.3Blatest · Series D

Total growth

73×

Our estimate

$31.4B

Primary round

Down round

Our estimate

Series D+196%2025-11-13

$29.3B

Led by Accel / Coatue · raised $2.3B

Source: CNBC Nov 2025 ↗

Series C+0%2025-06-06

$9.9B

Led by Thrive / Accel / a16z / DST · raised $900M

Source: Cursor.com Jun 2025 ↗

Series B+2375%2024-08-21

$9.9B

Led by Thrive Capital · raised $60M

Source: TechCrunch(historical ref.)

Series A2024-01-01

$0.4B

Led by OpenAI Startup Fund · raised $11M

Source: Axios(historical ref.)

Secondary market signals

Secondary market signals: bid/ask/trade indications from Hiive (hiive.com), Forge Global, Caplight Index, and tender prices reported in the press.

No active listings found

We monitor Hiive, Forge Global, and EquityZen for Cursor (Anysphere) listings. As of September 2026, no verified secondary market activity has been recorded.

Secondary listings for private companies appear without announcement and typically close within days. When a listing appears, it often signals an upcoming tender offer or funding round.

Primary round history as valuation signal

In the absence of secondary market data, the funding history below is the primary valuation anchor. Method C (time-decay) uses this data to estimate current value.

Series D · 2025-11$29.3B

Series C · 2025-06$9.9B

Series B · 2024-08$9.9B

Get notified when a listing appears

Pro subscribers get notified within 2 hours when a secondary listing for Cursor (Anysphere) is detected. Most employees first hear about tender offers days after the market already knows.

Get listing alerts →

Check directly: Hiive ↗ · Forge Global ↗ · SEC Form D ↗

Public peer comparables

Public peer comparables: editorial selection of public companies with the closest business model. EV/Revenue and growth from public 10-Q filings and Bloomberg, refreshed quarterly.

Ticker	Company	EV / Revenue	Revenue growth	As of
DDOG	Datadog, Inc.	20.89x	+36%	2026-09-17
ESTC	Elastic N.V.	4.95x	+15%	2026-09-17
GTLB	GitLab Inc.	7.7x	+21%	2026-09-17
TEAM	Atlassian Corporation	7.33x	+28%	2026-09-17

Typical strike prices by cohort

Strike ranges by cohort: aggregated from Glassdoor, Teamblind threads, Carta's published industry data and reports from employees. Indicative only — your actual 409A at grant time is the only authoritative number.

2022 cohort

$1–$2

per share

2023 cohort

$2–$5

per share

2024 cohort

$55–$85

per share

2025 cohort

$150–$190

per share

Confidence breakdown

How much we trust each of the four valuation methods for this specific company, and why.

Method A — Peer-multiple

weight 25%→ $20.0B75% confidence

Growth-weighted peer EV/Revenue: 11.9x → 16% private-company discount → 10.0x on $2000M revenue

Method B — Secondary-implied

weight 45%suppressed25% confidence

↳ Effectively excluded from the blend — this method is structurally unreliable for this company.

No verified secondary market data available — estimate relies on primary round, peer multiples, and sector momentum.

Method C — Primary time-decay

weight 20%→ $127.8B68% confidence

$29.3B round (2025-11-13) × 4.55× growth × 0.96× multiple decay over 0.8 years

Method D — Sector momentum

weight 10%→ $34.7B47% confidence

$29.3B × (1 + 22% p.j.)^0.8yr = $34.7B via WCLD ETF-proxy

Overall confidence

34%

Weighted average of the four methods. Above 60% is high, 35–60% medium, below 35% low.

Low

Worked example for an employee

Illustrative mechanics only — this shows how the equity model works, not a reliable value estimate.

Illustrative mechanics only

This example shows equity mechanics only. It is not a reliable estimate of current value because model support is weak (confidence 34%, spread 6.4×).

Show illustrative values (not a reliable estimate) ▸

Profile: a hypothetical employee who joined Cursor (Anysphere) 24 months ago (2024-09-18) with 2,000 options at a strike price of $70/share, on the standard 4-year vesting schedule with a 1-year cliff.

Vesting

1,000 of 2,000

50% vested at month 24

Implied share price (mid)

$2,907

weighted average of 4 methods — low confidence

Gross vested value

$2,906,728

vested shares × implied price

Exercise cost

$70,000

1,000 × $70 strike

Net of exercise

$2,836,728

gross − exercise cost

Tax (rough)

$1,007,777

US federal only · AMT risk: high

What if the next round is…

Up round +30%

$3,215,866

New round at +30% valuation, 15% new shares issued

Down round −30%

$1,625,591

New round at −30% valuation, 20% new shares (higher dilution in distress)

Secondary today

$2,400,719

Sale on the secondary market at the typical 15% discount to the mid estimate

These illustrative values use the same calculation engine as the live calculator, but the underlying model is low-confidence for Cursor (Anysphere). Use your own numbers as a starting point only. Try the calculator →

Transparent assumptions

What we assumed where exact data isn't available. If any of these don't match your situation, the numbers above will be off.

Fully-diluted share count

10.795455M shares

We don't have authoritative cap-table access for private companies. The number above is reconstructed from SEC Form D filings, secondary-market price-vs-valuation math, and leaked share-class summaries. Actual fully-diluted count (including unvested option pool and SAFEs) may differ by 5–15%.

Common-stock waterfall

1.0× to common

We assume a clean common-stock outcome — i.e. preferred-share liquidation preferences and ratchets do not extract value before common. In a down-exit, this assumption can be very wrong: preferred stack can take 30–70% of proceeds.

Private-company illiquidity discount

16% off public peers

Applied to Method A (peer-multiple). Per-company because category leaders with deep secondary markets and a clear IPO path warrant a smaller discount than early-stage names. The literature range is 10–35%; for Cursor (Anysphere) we use 16% based on secondary-market depth, valuation history, and proximity to liquidity.

Revenue growth assumption (Method C)

500% YoY

Compounded forward from the last primary date to today to estimate the company's value drift. Set per-company based on disclosed or reported ARR trajectory. Method C is further capped at 1.3× the most recent secondary trade (if any) to stop runaway extrapolation when revenue growth outpaces what the market is actually paying.

Sector ETF momentum (Method D)

WCLD @ 22%/year

Method D applies the trailing return of WCLD as a market-proxy adjustment to the primary valuation. Crude — meant as a tiebreaker when peer and secondary data conflict, not as a primary signal.

Outlier auto-downweight

Methods >50% from median get ½ weight

Robust-statistics safety net: any method whose output strays more than 50% from the median of the other three methods has its confidence weight halved when computing the blended mid-point. Prevents a single bad extrapolation from dragging the headline.

Recency decay for secondary trades

180-day half-life (e⁻ᵈ/¹⁸⁰)

A trade from 30 days ago counts ~5× more than one from 180 days ago. Tunable; some platforms use shorter half-lives.

Tax estimate

US federal only, single filer

Uses 2024 US federal brackets, ignoring state tax, NIIT, AMT credit recovery, and any other deductions. Treat as a directional sanity check, not a tax bill.

All data from public sources. Not investment, tax, or legal advice. Not affiliated with Cursor (Anysphere). Last refreshed manually — see methodology for our update cadence.