Specialized AI – Software Engineering (Code Editor) = Anysphere Cursor AI ARR @ $1MM to $300MM in Twenty-Five Months 233 Something beautiful is happening to code…our aim with Cursor is to continue to lead this shift, by building a magical tool that will one day write all the world's software… …Already, in Cursor, hours of hunting for the right primitives are being replaced by instant answers. Mechanical refactors are being reduced to single ‘tabs.’ Terse directives are getting expanded into working source. And thousand-line changes are rippling to life in seconds. - Anysphere Press Release (8/24) …We're delighted to report that Cursor is now used by millions of programmers as their editor of choice. Our proprietary models now generate more code than almost any LLMs in the world and edit over a billion characters per day. Our business is large and fast growing, having exceeded $100MM in recurring revenue. - Anysphere Team (8/24 & 1/25) Anysphere Cursor AI – 3/23-4/25, per Anysphere Annual Recurring Revenue (ARR) ($MM) Note: Cursor launched in 4/23. We show 3/23 as the first datapoint with an assumed $0 in ARR. Source: Cursor / Anysphere (8/24, 11/24 & 1/25), Anysphere Co-Founder & CEO Michael Truell via Lenny’s Newsletter, ‘The rise of Cursor: The $300M ARR AI tool that engineers can’t stop using’ (5/1/25) Annual Recurring Revenue, $MM AI-Enabled Specialized Software Companies @ Large Service Industries = Growing Very Quickly…Software Engineering $0 $150 $300 3/23 8/23 1/24 6/24 11/24 4/25