Startup profile · funding coverage
Cursor funding, valuation and investors
AI-native code editor (Anysphere) that forks VS Code for agentic programming workflows.
Keep track of Cursor
Save this profile to your VCT watchlist for a quick return.
Funding, valuation & investors
Answer-first snapshotLatest funding
Series D
$2.3B · November 2025
Latest known valuation
$60B press-reported
Acquired by SpaceX · August 2026
Total disclosed equity funding
$3.4B
Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.
Current status
acquired
acquired
Latest tracked event: Acquired by SpaceX (August 2026). It is shown separately because it is not counted as disclosed equity funding.
Overview
Cursor is an AI-native code editor built by Anysphere — a fork of VS Code adding agentic programming: next-action prediction, natural-language edits, and chat-with-codebase. On August 14, 2026 Cursor published that SpaceX had acquired the company, completing a process that started with an April 2026 SpaceXAI training partnership. The company post does not state a price; CNBC (June 16, 2026) and The Verge (close day) report $60 billion all-stock. On August 28, 2026 OpenAI said it notified SpaceX that it will wind down the Cursor model contract, proposing a November 12, 2026 shutoff under a change-of-control clause. Prior venture: a16z co-led Series A ($60M, Aug 2024); Thrive led B/C; Coatue co-led a reported $2.3B Series D in Nov 2025 with a16z and Benchmark among participants.
Why Cursor is interesting
Cursor confirmed on August 14, 2026 that it is now part of SpaceX. Press reports a $60B all-stock price (CNBC/The Verge) that is not in Cursor’s close post. On August 28 OpenAI said it will wind down the contract that supplies its models to Cursor, with a proposed November 12, 2026 shutoff. Cursor’s CEO said OpenAI is about 5% of user traffic.
Product & use cases
AI-native IDE (VS Code fork) with agentic coding — inline edits, codebase chat, and multi-file refactors powered by frontier models.
- Daily AI-assisted software development
- Codebase-wide refactors via natural language
- Team standardization on AI coding workflows
Key facts
- Acquired by SpaceX (Aug 14, 2026): company-confirmed close. $60B all-stock is press-reported (CNBC June; The Verge) — not in Cursor’s close post
- Aug 28, 2026: OpenAI proposed winding down Cursor model access on November 12 (company post). Cursor CEO: ~5% of user traffic
- Series D (Nov 2025): $2.3B co-led by Coatue; a16z and Thrive Capital participated — TechCrunch, Cursor blog
- Series C (Jun 2025): $900M led by Thrive Capital; a16z participated — TechCrunch
- Series B (Dec 2024): $105M led by Thrive Capital; a16z and Benchmark participated — TechCrunch
- Series A (Aug 2024): $60M co-led by a16z and Thrive Capital — TechCrunch
Funding history (newest first)
Acquired by SpaceX
2026-08 $60B all-stock (press-reported) Valuation: $60B press-reported- SpaceX
Series D
2025-11 $2.3BSource: https://techcrunch.com/
Series A
2024-08 $60MSource: https://techcrunch.com/
Investors in our directory
Funds linked from Cursor's profile — open a fund page for stage focus and related deal articles.
Competitive landscape
Edge: Cursor differentiates through focused product scope and a16z-backed GTM in its category — see competitors for tradeoffs vs. incumbents.
Cursor operates in a competitive category where incumbents have distribution but startups win on workflow fit. See named competitors for honest better/worse notes; we do not invent market share.
-
GitHub Copilot direct
Microsoft IDE integration; Cursor full AI-native editor fork.
-
Windsurf (Codeium) direct
AI IDE competitor with agentic features.
-
JetBrains AI incumbent
IDE incumbent adding AI; less AI-native architecture.
Notable stories
- Series D (Nov 2025): $2.3B co-led by Coatue; a16z and Thrive Capital participated — TechCrunch, Cursor blog
- Series C (Jun 2025): $900M led by Thrive Capital; a16z participated — TechCrunch
Industries
Related funding articles
Venture Capital Tracker pieces that cover Cursor's financing or category context.
- What Is Cursor’s Valuation in 2026? $60B Is Press — SpaceX Close Confirmed
- Is OpenAI Pulling Models From Cursor? Yes — Proposed Shutoff November 12
- August 28–29 VC News: a16z $1.1B, Owner $2.3B, OpenAI–Cursor
- August 2026 VC News: What Closed Through the 31st?
- August 14–19 VC News: Etched $21B, Castelion $13B, Unitree IPO
- Cursor: Why This a16z-Backed Company Is on Fire
- a16z Portfolio Companies on Fire in 2026: AI, American Dynamism & More
FAQs about Cursor
Practical answers founders, operators, and investors typically search for.
Last updated:
Editorial note: AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.