What is Anysphere?

What is Anysphere?

Anysphere is the San Francisco company behind Cursor, an AI-native code editor that lets developers write, edit, and refactor entire codebases through natural-language instructions and autonomous agents. Founded in 2022 by four MIT graduates, it became the fastest-scaling software company on record — crossing $100M in annualized revenue in January 2025 and roughly $4B by June 2026 — and in June 2026 agreed to be acquired by SpaceX for $60B in an all-stock deal.

Cursor is built on a fork of VS Code but layers in repo-wide code understanding, multi-file 'agent' editing, and the signature 'tab-tab-tab' predictive autocomplete. It indexes the whole project so it can answer questions and make changes across files, and it lets developers swap between frontier models from OpenAI, Anthropic, Google, and xAI — alongside Cursor's own in-house Composer models — without leaving the editor.

The scale is extraordinary. By 2026 Cursor had surpassed 1 million daily active users and powered more than 50,000 businesses, and the company reported reaching gross-margin profitability. Adoption skews heavily enterprise: Cursor says roughly 64% of the Fortune 500 use it, including OpenAI, Stripe, Rippling, Brex, and Ramp, and that around three-quarters of its run-rate now comes from enterprises.

Anysphere sits at the center of the 'AI coding' category, competing with GitHub Copilot, Anthropic's Claude Code, and Cognition's Windsurf/Devin. After a November 2025 Series D valued it at ~$29.3B and reported April 2026 talks to raise at ~$50B, SpaceX announced on June 16, 2026 that it would acquire Anysphere for $60B in an all-stock deal expected to close in Q3 2026.

Sources:TechCrunch — SpaceX to acquire Cursor for $60BDealroom — Cursor tops $4B annualized revenueContrary Research — Cursor business breakdown

What does Anysphere offer?

Anysphere's product is Cursor — an AI code editor — plus a growing set of in-house models and developer tools.

Sources:VentureBeat — Cursor Composer 2Contrary Research — Cursor

How does Anysphere make money?

Anysphere runs a freemium, per-seat SaaS subscription model: a free Hobby tier funnels developers into paid individual plans, team plans, and custom enterprise licensing, with usage-based limits on premium model calls layered on top.

Individual pricing in 2026 starts free (Hobby), then Pro at $20/month, Pro+ at $60/month, and Ultra at $200/month — each step buying larger allowances of premium model usage. The Teams/Business plan is $40 per user/month (premium seats around $120), and Enterprise is custom-priced based on seat count, included usage, and contract length. Annual billing knocks ~20% off.

Unit economics are unusual for AI: because Cursor pays frontier-model providers per token, gross margin was historically thin, but the shift toward Cursor's own cheaper Composer models plus enterprise pricing pushed the company to slight gross-margin profitability in 2026 — it still loses money on individual accounts while making positive margins on enterprise. Reported enterprise contracts have ranged from roughly $19K to $150K+ annually, with a median around $61K.

Growth is driven by bottom-up developer adoption that converts into top-down enterprise expansion — individual engineers adopt Cursor, then their employers buy seats at scale. By mid-2026 roughly 75% of the ~$4B run-rate came from enterprises (about $2.6B in annualized B2B revenue), with the enterprise business reported to have tripled in Q1 2026 versus Q4 2025.

Sources:DEV — Cursor pricing 2026TechCrunch — Cursor in talks at $50B / enterprise growthContrary Research — Cursor business model

Who leads Anysphere?

Anysphere was founded by four MIT classmates in 2022 and is led by CEO Michael Truell, with co-founders running product and operations.

Sources:Wikipedia — AnysphereContrary Research — founders

How do you contact Anysphere's leadership?

Anysphere does not publish individual executive emails. Public data providers show the company's most common verified work-email pattern is first@anysphere.co (used by ~83% of its addresses), so the addresses below follow that observed format rather than being individually published — treat them as pattern-based, not confirmed. The only officially published address is hi@cursor.com (listed in Cursor's Terms and Privacy Policy), which is the best route for general and sales inquiries.

• Michael TruellCo-founder & CEOmichael@anysphere.co
• Sualeh AsifCo-founder & CPOsualeh@anysphere.co
• Aman SangerCo-founder & COOaman@anysphere.co

Sources:RocketReach — Anysphere email format (first@anysphere.co)Cursor — official contact (hi@cursor.com)

How much funding has Anysphere raised?

Anysphere raised roughly $3.37B in disclosed equity across five rounds from 2023 to 2025, reaching a ~$29.3B valuation with its November 2025 Series D. After reported April 2026 talks to raise ~$2B more at ~$50B, SpaceX agreed in June 2026 to acquire the company outright for $60B in stock.

The earliest capital was an $8M seed in October 2023 led by the OpenAI Startup Fund. In August 2024 the company raised a ~$60M Series A at a $400M valuation led by Andreessen Horowitz, with Thrive Capital and angels including Nat Friedman and Arash Ferdowsi. In December 2024 it added a ~$105M Series B at a $2.5B valuation, co-led by Thrive Capital and Andreessen Horowitz.

The scale accelerated sharply in 2025. In June 2025 Anysphere closed a $900M Series C at a $9.9B valuation led by returning investor Thrive Capital (with Andreessen Horowitz, Accel, and DST Global), disclosing it had passed $500M ARR. Then in November 2025 it closed a $2.3B Series D at a $29.3B post-money valuation — confirmed by deal counsel Goodwin — with Accel and Coatue alongside Thrive, a16z, DST, NVIDIA, and Google, lifting total disclosed funding to about $3.37B.

The planned $50B private round never closed. In April 2026 SpaceX had taken an option to acquire Cursor for $60B (or pay a $10B breakup fee), and on June 16, 2026 — days after SpaceX's record Nasdaq IPO — SpaceX announced it would buy Anysphere for $60B in an all-stock deal expected to close in Q3 2026, at which point Anysphere ceases to be an independent venture-backed company.

Sources:Goodwin — Cursor $2.3B Series D at $29.3BTechCrunch — $9.9B Series C, $500M ARRTechCrunch — SpaceX to acquire Cursor for $60B

How did Anysphere get here?

From an MIT founding in 2022 to a code editor used by a million developers a day, ~$4B in annualized revenue, and a $60B all-stock acquisition by SpaceX in roughly four years.

Sources:Wikipedia — Cursor (company)CNBC — SpaceX to acquire Cursor

Who are Anysphere's competitors?

Anysphere competes across AI coding assistants and agentic developer tools — from incumbents like GitHub Copilot to fast-moving rivals like Claude Code, Windsurf, and Replit.

Sources:Contrary Research — competitive landscapeVentureBeat — Composer 2 vs rivals