Cursor stock & equity tools

Anysphere, Inc., doing business as Cursor, is an American software company that develops Cursor, an AI coding agent and software development environment. Founded in 2022 and headquartered in San Francisco, the company builds tools and models that allow users to edit code, search codebases, run terminal commands, and complete programming tasks using natural-language instructions. By early 2026, Cursor had reached a valuation of US$29.3 billion and surpassed $3 billion in annual recurring revenue.

Source: Wikipedia (CC BY-SA 4.0)

Four MIT friends, Michael Truell, Sualeh Asif, Arvid Lunnemark, and Aman Sanger, founded Anysphere in 2022 and shipped Cursor, an AI-native code editor, in March 2023. Cursor embeds large language models directly into the editing experience, letting developers write, explain, and refactor code through natural language alongside their existing workflow. The company reached $1 billion in annualized revenue by November 2025, the fastest B2B software company to hit that milestone, and closed a $2.3 billion Series D that month at a $29.3 billion valuation.

Sources: en.wikipedia.org · cnbc.com

Equity comp at Cursor

• Likely uses ISOs and NSOs rather than RSUs at the current stage (founded 2022, on the order of 50 to 300 employees as of late 2025, no public IPO plan). Rapid valuation escalation (Series B around $400M August 2024, Series C $9.9B June 2025, Series D $29.3B November 2025) creates significant 409A overhang and AMT exposure for option holders, since each step-up resets the strike price for new grants.

Sources: en.wikipedia.org · techcrunch.com

Researched 2026-05-11.