Overview
- CEO Michael Truell said at Fortune’s Brainstorm AI conference that the company is not pursuing a near-term public listing, emphasizing product development instead.
- Cursor hit $1 billion in annualized revenue in November and last month secured $2.3 billion in funding at a $29.3 billion valuation.
- The company is pairing top external models with proprietary, product-specific LLMs, which it says now generate more code than almost any other models.
- After shifting from flat subscriptions to usage-based pricing in July, Anysphere is rolling out spend controls, billing groups, and usage visibility to help enterprises manage API costs.
- The roadmap targets agentic, end-to-end tasks like complex bug fixes and a pivot to team-focused workflows, as big AI providers launch rival tools and a new Linux Foundation group pursues agent interoperability standards.