Sources: Cursor hit $2.7B in annualized sales in March, up ~14x from a year ago, and reported a ~$900M loss in its last fiscal year on $770M in total revenue (The Information)
Cursor reached $2.7B annualized sales in March, up 14x year-over-year, despite a ~$900M loss on $770M revenue, signaling massive growth in AI code editing tools.
Excerpt
<a href="https://www.theinformation.com/articles/behind-cursors-deal-spacex-anthropic-compute-costs-loomed-large"><img align="RIGHT" border="0" hspace="4" src="http://www.techmeme.com/260424/i8.jpg" vspace="4" /></a>
<p><a href="http://www.techmeme.com/260424/p8#a260424p8" title="Techmeme permalink"><img height="12" src="http://www.techmeme.com/img/pml.png" style="border: none; padding: 0; margin: 0;" width="11" /></a> <a href="https://www.theinformation.com/">The Information</a>:<br />
<span style="font-size: 1.3em;"><b><a href="https://www.theinformation.com/articles/behind-cursors-deal-spacex-anthropic-compute-costs-loomed-large">Sources: Cursor hit $2.7B in annualized sales in March, up ~14x from a year ago, and reported a ~$900M loss in its last fiscal year on $770M in total revenue</a></b></span> — Weeks before Cursor agreed to a $60 billion potential takeover from SpaceX, the hot AI coding startup set out to raise billions of dollars.</p>
Read at source: http://www.techmeme.com/260424/p8#a260424p8