Cursor reportedly has annual revenues exceeding $2 billion.

AI coding assistant Cursor’s annual revenue (calculated by multiplying the most recent monthly revenue by 12) has surpassed $2 billion, according to Bloomberg sources. The individual says the four-year-old startup has doubled its revenue generation rate over the past three months.

These disclosures appear timely to counter recent skepticism. Last week, a tweet questioning whether Cursor’s momentum was stalling went viral, citing the high-profile exodus of individual developers to competing tools, most notably Anthropic’s Claude Code.

Founded in 2022, Cursor initially sold its products primarily to individual developers. But last year it placed greater emphasis on securing large corporate buyers, which now account for about 60% of sales, according to Bloomberg.

Some individual developers and small startups have switched from Cursor to the more competitively priced Claude Code, but the decline appears to be with enterprise customers, who tend to stay longer and spend more.

In addition to Claude Code, OpenAI’s coding tool Codex is also competing for share in the fast-growing AI-enabled software development market. Other startups in this space include Replit, Cognition, and Lovable.

Cursor was last valued at $29.3 billion in a $2.3 billion funding round co-led by Accel and Coatue last November.

Cursor did not immediately respond to our request for comment.