CEO Michael TruellFounded 2022HQ San Francisco, US
Cursor is the flagship product of Anysphere, a private software company that builds an AI coding agent and development environment. It helps users edit code, search codebases, run commands, and complete programming tasks with natural-language instructions.
Access to pre-IPO shares is available to accredited investors through UpMarket.
Latest Price
$29.3B
Series D, Nov 2025, Perplexity
UpMarket Estimate
$30B
Based on UpMarket valuation model
Previous Price
$9.9B
Series C Jan 2025
How to Invest in Cursor Through UpMarket
Cursor shares are not on public exchanges. UpMarket provides accredited investors access through secondary market transactions.
Step 01
Verify accredited investor status
Confirm eligibility under SEC Rule 501 of Regulation D. Income or net worth threshold applies.
Step 02
Create an UpMarket account
Complete KYC/AML onboarding. Typically 1–2 business days. Licensed rep assigned on signup.
Step 03
Review available Cursor offerings
Full offering memoranda and risk disclosures provided before any commitment is required.
Step 04
Complete subscription documents
Review and sign subscription agreement. All documents handled digitally through the platform.
Step 05
Fund your investment
Wire transfer or ACH. $50K minimum. Funds held in custodial account until close.
Pre-IPO investments are illiquid, speculative, and involve risk of total loss of capital.
$1.3B+
UpMarket has brokered over $1.3 billion in alternative investments*
*Includes principal invested and appreciation of investments originated via the UpMarket platform based on historical trade volume and valuation estimates through March 31, 2026. Of the total, approximately $301 million is managed by UpMarket Management, with the remaining originated investments managed by affiliates. Past performance is not predictive of future results.
Valuation Growth Over Time
Post-money valuation by round
Previous roundsMost recent
Date
Round
PPS (split-adj.)
Valuation
Nov 2025
Series D
$29.3B
Jan 2025
Series C
$9.9B
May 2024
Series B
$2.6B
Dec 2023
Series A
$400M
Cursor Revenue and Growth
Annual revenue
Why Investors Are Watching Cursor
Growth Signal
Cursor reached $500M ARR in under 2.5 years
By December 2025, Cursor had over 1 million daily active users and annual recurring revenue of $500 million. Contrary Research says the company reached that scale in roughly two and a half years after launch, showing unusually fast adoption.
Competitive Moat
Cursor bundles AI agents into VS Code workflow
Cursor is built as a customized fork of VS Code with Agent Mode, Codebase Chat, and support for leading LLMs. a16z says it integrates directly into the coding workflow, creating switching friction beyond a standalone chatbot.
Market Opportunity
SpaceX rights imply a $60B upside anchor
In April 2026, SpaceX obtained the right to buy Cursor for $60 billion later in the year, or pay $10 billion for the companies' work together. That headline implies a much larger market value than Cursor's $29.3 billion valuation in late 2025.
Interested in Cursor stock? Fill out the form above or sign up directly. Subject to availability. Accredited investors only.
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No. As of March 2026, Cursor is a private company and does not trade on any public stock exchange. Accredited investors can access Cursor shares through UpMarket, a FINRA-registered broker-dealer that specializes in pre-IPO investments.
Cursor does not have a public stock price because it is privately held. The most recent known share price comes from its last funding round. Pre-IPO share prices on the secondary market may differ from the last round price depending on supply, demand, and market conditions.
Yes. Accredited investors can indicate interest in Cursor shares through UpMarket by filling out the form on this page or creating an account at upmarket.co. All pre-IPO offerings are subject to availability and require a $50,000 minimum investment. UpMarket is a FINRA-registered broker-dealer and has brokered more than $500M in alternative investments since 2019.
Pre-IPO investments carry significant risks. Cursor shares are illiquid, meaning there is no public market to sell them quickly. There is no guaranteed exit timeline or return. The investment is speculative in nature, and investors should be prepared for the possibility of total loss. Valuations of private companies can fluctuate substantially between funding rounds. Investors should consult their financial advisor and review all offering documents before investing.
In a pre-IPO transaction, accredited investors purchase shares from existing shareholders (such as employees, early investors, or other holders) through secondary market platforms. The company itself does not issue new shares in these transactions. UpMarket facilitates these trades as a FINRA-registered broker-dealer, handling compliance, documentation, and settlement on behalf of both parties.
There are two primary exit paths for pre-IPO holdings: selling your shares on the secondary market to another buyer, or holding until the company completes an IPO or is acquired. Both paths are subject to transfer restrictions, company approval (right of first refusal), and market conditions. The timing of any exit is unpredictable, and investors should plan for a multi-year holding period.
The minimum investment for most pre-IPO offerings on UpMarket is $50,000. This amount may vary depending on the specific offering and share availability. There are no fees to create an UpMarket account or browse available investments. Investors only pay transaction-related fees when they complete an investment.
UpMarket's valuation estimate of is derived from a proprietary model that incorporates multiple data sources: funding round data (Caplight), revenue estimates (Sacra), secondary market pricing, and public company comparables. The model applies a private company discount to the public comp multiple to account for illiquidity and information asymmetry. This estimate is not investment advice and may differ substantially from the price at which shares actually trade.
Cursor builds an AI coding agent and development environment, reaching $1.0B revenue in 2025, and hit $500M ARR in under 2.5 years as adoption scaled rapidly — accredited investors can access Cursor stock through UpMarket.