5 ms·
Series C and scale
- gsibble 1y agoImpressive. Didn't they just raise a bunch recently?
- thomasdziedzic 1y agoTheir series B was in January: https://www.cursor.com/blog/series-b https://www.cursor.com/blog/series-b
- gsibble 1y agoWow. That's an insane difference in only a few months.
- bix6 1y agoWow only a 21.6x rev multiple. The others a month ago were 75x for windsurf acquisition by OpenAI and a 45x on cursors $200M raise at $9B val. Separately, has anyone gotten through to cursor support? They sent me a welcome email asking for feedback but when I responded nobody answered back. Edit: added old financing info.
- gsibble 1y agoThey probably aren't wanting for cash so I wonder why they did this. Maybe a lot of it was secondary sales?
- electroly 1y agoOn the contrary, they are lighting piles of cash on fire. Their unlimited slow pool is bleeding them dry.
- aduffy 1y agoAnd let's not forget PLTR still hovering just over 100x revenue multiple.
- hamburglar 1y agoRe: support, no luck for me either. I even responded to a personal message I got from someone about a glitch with my signup and never heard back. I have no idea if I’m actually paying them.
- bix6 1y ago“Please don't hesitate to reach out if there's anything we could do to improve Cursor for you. Making Cursor phenomenal for our pro users is our number one priority. Best, The Cursor Devs ” :(
- cauliflower2718 1y agoI've gotten an AI generated email back when I asked for support, which did seem to understand my request at a surface level, but was not actually helpful. That's the extent of support I've received from cursor.
- hamburglar 1y agoI assume this is our future for almost all support for every product and service.
- bionsystem 1y agoWhether it's this or call centers, at the end of the day...
- drx 1y agoI thought it was a pretty interesting choice to post the funding announcement as the team and not as the CEO, more companies should probably do that.
- adwn 1y ago$900 million?! That's an absolutely insane amount of money. How much of this will go into building the product itself, and how much into converting cash to marketshare? And they raised $100 million not even 5 months ago. Have they already burned through that pile of money? I mean, their product is good – I'm using and paying for Cursor – but not fantastic. And there's a lot of competition. And the switching cost is relatively low.
- bananapub 1y agothey are approximately a service for transferring revenue from paying users to Microsoft or Anthropic, with a small software development project alongside - why would that seem like an insane amount of money?
- gsibble 1y agoI'm wondering if some was used to purchase shares of employees and founders.
- naiv 1y agoso enough for them to build their own model
- a13n 1y agoI predict that in 6-12 months we'll all be back on VS Code. I would hate to have Microsoft as a direct competitor, especially in a space they care so much about (developers + AI).
- gsibble 1y agoAgreed. There's no way Cursor can stay ahead when they really don't have much of a moat. Don't get me wrong, I love Cursor but is seems Microsoft could just rip it all off and put it in base VS Code.
- outside1234 1y agoWhich they have basically done and are closing in on them fast
- yunwal 1y agoYou and I have not tried the same vscode
- electroly 1y agoTheir main supplier (Anthropic) is also a direct competitor (Claude Code). I love Cursor but boy, what a tough place to be in. It's hard to see how it works out for them in the end.
- throwaway314155 1y agoCode isn't as strictly competitive as the IDE's are. Code even has solid VS Code integration. It's effectively a plugin, just one that isn't tied to any one IDE.
- fizx 1y agoCursor+Gemini MAX is pretty good these days. It seems like Claude Code and C+GM leapfrog each other every month or two. Cursor has a lot of potential leverage owning the developer and the training data streams and commoditizing the underlying model.
- deleted 1y ago[deleted]
- iamsaitam 1y agoIt's very weird that they use their blog to post about this instead of all the feature they've been adding.
- aduffy 1y agoThat's quite a war chest to raise in such a short period of time. The market has concentrated with the couple of recent acquisitions. Sounds like likely uses of that cash are - Buy a few million more users with more generous free tier, as models get cheaper the cost to acquire the marginal customer goes down over time anyway - Build your own foundation model for coding. tbh I'm skeptical that a company can do this better than the Big 3 AI cos. - Go to war over enterprise. Do a deal with Deloitte/Accenture and get every single one of their consultants spending 8hrs a day in Cursor. Another flavor: compete head-on with Accenture by making your own service firm that undercuts them and delivers ahead of schedule for once.
- ignoramous 1y ago> Go to war over enterprise ... consultants spending 8hrs a day in Cursor. And students. Sun's Java push, especially its proliferation as "object-oriented programming language" in CS courses world-wide, might offer a lesson or two.
- aduffy 1y agoStudents aren’t a market though. Sun and Java was really just marketing to future users
- raspasov 1y agoFuture market?
- aduffy 1y agoJava only became Java because of enterprise. Getting students to use it was just an exercise in soft power.
- solarkraft 1y agoWhy do you think enterprise loves it so much?
- andrethegiant 1y agoToo busy rolling in money to actually write a substantial announcement?
- xiphias2 1y agoSince Codex web ui came out I stopped using Cursor and just direct pull requests on Codex web interface. I love it so much, I belive most people will move to this kind of development as models are getting stronger, and the whole agent+user workflow will switch to pull request based development. It’s not like I’m not using Cursor at all, it just became the 10-20% of my workflow compared to almost 100% before.
- archeantus 1y agoCan you elaborate more on this? You’re using a web ide? And you love it?
- xiphias2 1y agoSure, chatgpt.com/codex
- bahmboo 1y agoI use Roo Code. I love it. Are Cursor or Copilot or any of the other "front ends" so much better? I guess it's up to me to find out but wonder what others have found. [edit: grammar]
- KronisLV 1y agoAnother user of Roo Code here, I really like that I could hook it up to either OpenRouter or Anthropic/Google directly, for different use cases - for the most part I enjoy using Claude, but when their rate limits hit (e.g. when I needed to shuffle around ~100k tokens for a specific use case) then Gemini was also good enough! Plus, it's a plugin for VSC, so I don't need an entirely new editor, which I think makes a lot of sense when you don't want to overhaul UI but just add a few features here and there (autocomplete, chat, ability to edit files and some UI for agentic work with checkpoints along the way etc.). I'm actually not sure why Roo/Cline aren't way more popular, rather than Cursor etc.
- moralestapia 1y ago2 million paying users? Idk, hard to believe. Wow.
- pwm 1y agoI'm assuming a lot is coming from companies where there's fomo that if you don't use the latest and greatest tooling, your competitors will and you'll be left behind.
- habosa 1y agoOk so OpenAI owns Windsurf now, so I would expect them to cut Cursor off from the really good stuff at some point. Anthropic has Claude Code, they could do the same. Google is a little farther behind but they do have an AI Studio thing that could be viewed as competitive. Feels like Cursor has to make their own models to guarantee long-term survival? Especially if they’re not going for an acquisition (reports are they turned down OpenAI). Can they make a model that’s good enough for a world where OpenAI / Anthropic / Google all cut them off?
- mythz 1y agoGood to see with that war chest they'll be competing in this space for some time yet - which we'll need more of to keep the pricing down (aka subsidized). Never tried Cursor since I'm not prepared to leave my IDEs, but still got a full AI toolbox with augmentcode.com, GitHub Copilot, Claude Code and Gemini Code Assist enabled in both my primary VS Code and Rider IDEs.
- justmarc 1y agoI have a feeling we're getting into an "AI squeeze" soon. So many companies in this sphere are going to have to fight for their lives and or implode.
- stonecharioteer 1y agoI don't understand funding whatsoever. How does a company go from Series B to C in 5 months?