Overview
- The companies signed a definitive agreement with closing expected in the coming weeks and financial terms undisclosed beyond a cash‑and‑equity mix.
- Graphite will continue as an independent product and brand for now, with the full team set to join Cursor at closing.
- Leaders say the combined offering connects code writing to review and merge queues, with 2026 plans for smarter, context‑aware reviews and tighter links from local development to pull requests.
- Graphite cites enterprise users such as Shopify, Snowflake, and Figma, while Cursor points to large deployments like Salesforce, which it says saw a 30% engineering productivity uplift.
- Cursor reports rapid growth with a $29.3 billion valuation and $1 billion in annualized revenue, and it uses foundation models such as Anthropic’s Claude in a competitive AI‑coding market.