Anysphere, Inc. Due Diligence

Run due diligence on Anysphere, Inc.: check compliance and get alerts when suppliers or ownership change.

United States · owned by SpaceX (United States) · www.cursor.sh · 18 vendors

Anysphere, Inc. is a US-based applied research company that develops Cursor, an AI-powered code editor designed to make software developers extraordinarily productive. Cursor integrates large language models to provide features such as agentic code generation, intelligent autocomplete, codebase understanding, and code review directly within the development environment. The product is trusted by teams across the Fortune 500 and is used by engineers at companies including Stripe, NVIDIA, Figma, and Salesforce.

Resilience scores

Technology vendors

Services catalogue

1 service in catalogue across 1 category; runs on 18 sub-vendors.

Insights

Last updated 2026-07-06 · revision 7

18 direct vendors, 180 subvendors

Direct vendors by controlling owner country (sample)

Subvendors by controlling owner country (sample)

Compliance

6 in-scope frameworks identified; showing 3.

US State Privacy Laws — Evidence found

Evidence: https://cursor.com/en-US/privacy

GDPR (source) — Evidence found

Evidence: https://cursor.com/en-US/privacy, https://cursor.com/en-US/enterprise, https://cursor.com/en-US/security, https://trust.cursor.com/subprocessors

CPRA — Evidence found

Evidence: https://cursor.com/en-US/privacy, https://cursor.com/en-US/enterprise

Financials

Three-year financials

Financial Resilience Score: 7/10

Anysphere demonstrates exceptional top-line growth, going from approximately $1M ARR to roughly $1B ARR in about 24 months, one of the fastest SaaS trajectories ever recorded. The company is backed by a deep-pocketed investor base including Thrive Capital, Andreessen Horowitz, Benchmark, Accel, OpenAI Startup Fund, and Nvidia, having raised over $1 billion in cumulative equity through 2025. This provides substantial cash runway and financial cushion despite likely operating losses. Enterprise adoption is strong, with Cursor reportedly used inside more than half of the Fortune 500. However, resilience is materially constrained by structural gross-margin pressure: a large share of every revenue dollar flows through to foundation-model providers (Anthropic, OpenAI) for inference. The company had to restructure pricing in mid-2025 (causing user backlash) partly to defend margins. Operating income, net income, and cash burn are not disclosed, and no audited financials exist since the company is private. Competition is intense from GitHub Copilot (Microsoft), Windsurf/Cognition, Replit, Anthropic's Claude Code, Google's Gemini Code Assist, and Devin. Given Microsoft/GitHub owns the VS Code fork underlying Cursor, and frontier labs could disintermediate Cursor with their own IDE agents, resilience depends on continued differentiation and fundraising access.

Key strengths: Explosive ARR growth from ~$1M to ~$1B in ~24 months, Over $1B in cumulative equity raised from top-tier investors (Thrive, a16z, Benchmark, Accel, OpenAI Fund, Nvidia), Enterprise adoption across >50% of the Fortune 500, Strong product-led growth and viral bottom-up developer adoption, High talent density (ex-OpenAI, ex-Google researchers), Valuation trajectory from ~$400M (Aug 2024) to ~$18-20B (late 2025)

Risk factors: Gross-margin exposure to foundation-model providers (Anthropic, OpenAI) for inference costs, Intense competition from GitHub Copilot, Windsurf/Cognition, Replit, Claude Code, Gemini Code Assist, Devin, Platform risk: Microsoft/GitHub owns VS Code, which Cursor is forked from, Model commoditization / disintermediation risk if frontier labs release their own IDE agents, Customer concentration in cyclical tech-sector developer base, No audited financials, opaque burn and margin profile, Regulatory/IP risk from AI-generated code trained on copyrighted material, Pricing changes have already caused user backlash

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