August 23rd, 2024

Cursor Has Raised $60M

Anysphere completed a $60 million Series A funding round to enhance its AI coding tool, Cursor, which aims to automate software writing and has over 30,000 customers.

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Cursor Has Raised $60M

Anysphere has announced the successful completion of a $60 million Series A funding round, aimed at enhancing their AI-powered coding tool, Cursor. The company envisions Cursor as a transformative solution that will eventually automate the writing of all software. The tool is designed to streamline coding processes, replacing tedious tasks with instant solutions and efficient code modifications. Cursor has gained traction, boasting over 30,000 customers, including major enterprises and innovative startups. The team behind Cursor consists of accomplished engineers and researchers who have developed advanced models for code prediction and retrieval. The funding round was led by notable investors, including Andreessen Horowitz, Thrive Capital, and key figures from OpenAI and Stripe. Anysphere expresses enthusiasm for the future of coding and invites others to join their mission.

- Anysphere raised $60 million in Series A funding to enhance its AI coding tool, Cursor.

- Cursor aims to automate software writing and improve coding efficiency.

- The tool has attracted over 30,000 customers from various sectors.

- The development team includes award-winning engineers and researchers.

- Notable investors include Andreessen Horowitz and founders from OpenAI and Stripe.

AI: What people are saying
The comments on Cursor highlight various user experiences and opinions regarding the AI coding tool compared to GitHub Copilot and other alternatives.
  • Users appreciate Cursor's ability to search their own code repositories, a feature they find valuable.
  • Some users express frustration with GitHub Copilot, finding it disruptive rather than helpful.
  • There are concerns about Cursor being a separate IDE rather than just an extension, with some users preferring their existing environments.
  • Several users report positive experiences with Cursor, claiming it outperforms GitHub Copilot in terms of functionality and chat quality.
  • Questions arise about the economic viability of raising $60 million for a product with a relatively low subscription cost.
Link Icon 14 comments
By @hn_throwaway_99 - 8 months
Curious if anyone can comment on how Cursor compares to the current version of Github Copilot.

I've been using Cursor for many months now. The biggest feature it had that I wanted when I first used it was searching your own repository. It indexes all of your code in a vector DB so that it can then use RAG to make suggestions against your own codebase. That was the "killer feature" for me - I don't get a ton of value from inline code completions, but I get LOTS of value if I can ask "Is there a utility function in this repo that does XYZ?" when working in a large codebase with lots of developers.

Does anyone know if Copilot offers this know? I thought I had read a while ago that they added it, but a quick search just now brought up some relatively recent posts that said they still don't have it.

By @jen729w - 8 months
I’m sure this is great for some people. (Really, I’m sure it is.)

But whenever I’ve tried Copilot I can’t stand it for more than a minute. Because sometimes it’s magical. And when it is, it is!

But then way more often it’s like having someone looking over my shoulder, telling me what they think I want to do, disrupting my thoughts.

By @ji_zai - 8 months
Teams like Cursor remind me of the importance of excellent execution.

To many, a product like this was almost obvious, esp after Github Copilot gave us a glimpse of what an AI powered coding experience could feel like. And there have been many attempts to do this right. But this team got the hundreds, if not thousands, of product / engineering micro decisions right, and seem to move quite fast.

Well deserved. Congrats, and all the best!

By @deisteve - 8 months
I stopped using Cursor months ago and dont think I will be coming back. For one, the software drains my laptop battery, I like the ability to reference files @filename but

claude.ai and aider has replaced the need for Cursor

By @elashri - 8 months
For reference, here is a list of the current main code assistants:

GitHub Copilot

Cursor.sh

Cody

Codeium

Amazon Q (formerly CodeWhisperer)

Pieces (This team is from Cincinnati, deserving a special mention from a fellow Cincinnatian)

Tabnine

Supermaven

Zencoder (waitlist)

Replit's Ghostwriter (not sure if it can be used outside of Replit)

There are also tools that provide a UI for LLM models. While there are many, here are the main ones:

Continue.dev

Tabby

Aider

Double.bot

Additionally, there is "Project IDX" from Google, though I am unsure how to classify it.

By @tiffanyh - 8 months
Genuine question: how do the economics work to raise $60M, for a product that costs at most $40/month?
By @albert_e - 8 months
Does this really need to be a separate IDE (that too a fork of VS Code) than being just a VS Code extension?

Getting a Rabbit R1 vibe

By @jokethrowaway - 8 months
Considering Zed introduced AI and it's so much faster than Cursor or VSCode, I think the competition will be much harder than they sold to the investors.

Cursor had the vector indexing going on but it doesn't work very well in my experience. Oftentimes it doesn't find stuff and I have to manually search anyway. Cursor is still pretty good as an editor, I've been using it for a while and even the free plan is pretty good value. LLMs are still pretty bad at coding (Claude, GPT, it doesn't matter) so even cursor-small is almost always enough for the kind of task you would offload to a LLM.

Zed's approach of building the context manually with files and text and then asking for stuff is way more direct and less "magic". It works consistently.

By @lolpanda - 8 months
i think cursor is the only player that forked vscode. i've been using cursor for a week and i really like it. it's able to auto complete/correct code in multiple places at the same time. other copilot extensions in vscode were not able to do this. but i assume microsoft will quickly add this feature in vscode and others will catch up soon. i don't know if it's a true advantage to stay as a fork of vscode.
By @joshSzep - 8 months
excellent! I have been using Cursor for the last couple months after a year of using GitHub Co-Pilot.

it's not even a fair comparison. Cursor is just so much better, especially comparing it's chat quality to GitHub Co-Pilot chat.

By @tomschwiha - 8 months
I was about to try it, but it seems to try to not sell me just an extension vor my existing work environment but a full new code editor. I don't think it has all my needed features my current Intellij based editors (Android Studio, PHPStorm and PyCharm) have.

I wonder how many people are willing to give up their current IDE just for their code AI suggestions.

By @darkotic - 8 months
Been using aider with Code and it's so amazing. Also swapping between Zed because it's so fast.