Cursor's Valuation Doubles to $2.5B in Just 4 Months — $100M Series B
TechCrunch reported that Anysphere, the maker of the AI coding assistant Cursor, closed a Series B round led by Thrive Capital just four months after its Series A, raising $100M. The valuation reached roughly $2.5B — more than six times its Series A valuation in just a few months.
Details
- Amount raised and valuation: $100M led by Thrive Capital, with the valuation reaching roughly $2.5B (a sharp jump from the $400M Series A valuation)
- Funding pace: Coming just four months after the Series A (August 2024), the rapid follow-on round symbolized how fiercely investors were competing for a stake
- Prior developments: That November, reports surfaced of an informal bidding war among investors including Benchmark and Index, reflecting the company’s rapid growth
- Business context: The company had just acquired the AI completion startup Supermaven that same month, with product and technology development advancing alongside fundraising
What happened next
Just a month later, in January 2025, annual recurring revenue (ARR) surpassed $100M, drawing attention as one of the fastest growth rates in SaaS history. That June, alongside the launch of “Cursor 1.0,” the company went on to raise an even larger Series C.