The AI ​​coding assistant Cursor has exceeded $2 billion of annualized revenue, a metric calculated by multiplying the most recent month’s revenue by 12, according to a Bloomberg source. This individual says the four-year-old startup has seen its run rate double in the past three months.

The disclosure seems timed to counter the recent wave of skepticism. Last week, the tweets went viral questioned whether Cursor’s momentum had stalled, citing high-profile defects by individual developers of competing tools – notably Anthropic’s Claude Code.

Founded in 2022, Cursor first sold its product to individual developers. Last year, however, it focused more on landing large corporate buyers, which now account for approximately 60% of revenue, according to Bloomberg.

While some individual developers and small startups have moved from the Cursor to Claude Code, which is seen as a more competitive price, that the attrition seems to be higher-cost corporate customers who tend to stay longer.

Besides Claude Code, OpenAI’s coding tool Codex is also competing for a share of the fast-growing market for AI-assisted software development. Other startups in the space include Replit, Cognition, and Lovable.

The cursor was last valued at $29.3 billion when it raised a $2.3 billion funding round led by Accel and Coatue in November.

Cursor did not immediately respond to our request for comment.