techcrunch.com
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Cursor is raising $2 billion at a $50 billion valuation, nearly doubling from $29.3 billion just six months ago. Thrive and a16z are leading again, with Nvidia joining as a strategic investor. The growth numbers back it up – Cursor hit $2 billion in annualized revenue in February and projects $6 billion by year-end, which would be a tripling in ten months. Enterprise accounts are already gross-margin positive, though individual developer seats still lose money. That unit economics split explains the fundraise: scaling enterprise sales while subsidizing developer adoption is expensive. Windsurf, Codium, and others are competing in the same space, but none have matched Cursor’s revenue trajectory or enterprise penetration at this pace.
