Cursor: Past, Present, and Future
cursor.com
Cursor: Past, Present, and Future
1–10 of 61 posts
Re: Cursor: Past, Present, and Future
#2Crazy for a 2.5 year old company
Re: Cursor: Past, Present, and Future
#3They haven't built their own editor, they haven't built their own models; what have they actually built?
Re: Cursor: Past, Present, and Future
#4They haven't built their own editor, they haven't built their own models; what have they actually built?
I mean, they have built their own model: https://cursor.com/blog/composer
And presumably they'll use the funding to build more than just a modified VSCode.
Re: Cursor: Past, Present, and Future
#5The average series D is 50-100M. This is 2.3B.
I'm wondering if AI coding companies almost NEED to be this capital heavy to pay for the massive LLM costs.
Re: Cursor: Past, Present, and Future
#6> Today, we’re pleased to announce a new round of financing: our Series D of $2.3B at a $29.3B post-money valuation.
> We’ve also crossed $1B in annualized revenue
A 30x revenue multiple on (presumably) relatively low-margin revenue is certainly punchy.
One wonders how much of their $1bn of ARR they're paying straight through to Claude/Anthropic.
Re: Cursor: Past, Present, and Future
#7The average series D is 50-100M. This is 2.3B. I'm wondering if AI coding companies almost NEED to be this capital heavy to pay for the massive LLM costs.
They propably burn something in the order of 50M-100M per month in LLM API costs for models like Sonnet 4.5. So the answer would be: Yes.
Re: Cursor: Past, Present, and Future
#8They haven't built their own editor, they haven't built their own models; what have they actually built?
I mean, they have built their own model: https://cursor.com/blog/composer And presumably they'll use the funding to build more than just a modified VSCode.
most likely a finetune of existing model
Re: Cursor: Past, Present, and Future
#9Crazy for a 2.5 year old company
Nothing to see here. Just your average 2.5 year old start-up worth nearly as much as Ford or VW.
Re: Cursor: Past, Present, and Future
#10> Today, we’re pleased to announce a new round of financing: our Series D of $2.3B at a $29.3B post-money valuation. > We’ve also crossed $1B in annualized revenue A 30x revenue multiple on (presumably) relatively low-margin revenue is certainly punchy. One wonders how much of their $1bn of ARR they're paying straight through to Claude/Anthropic.
300 employees, let's say average salary of 300k?
$90m in employee expenses so that's neglible.
Prob burning through 200% of revenue which I've seen elsewhere. But they also probably spend a fair amount training their own model. I don't think it's foundation model. But it's pretty fair to assume that $1bn revenue is about $2bn to Anthropic/GPT/Grok