When Will Anysphere (Cursor) Go Public? IPO Outlook + Workarounds
No, Anysphere (Cursor) is not publicly traded. Retail investors can’t buy Cursor shares directly today, so the realistic paths are waiting for an IPO or looking at public proxies like Microsoft, Alphabet, and GitLab.
Anysphere, the company behind Cursor, has become one of the most closely watched private software names in AI. Cursor’s rapid revenue growth, its expanding enterprise footprint, and a late-2025 valuation jump to $29.3 billion have made it a magnet for investors who want exposure to the AI coding boom.
That interest only intensified after the company said it had crossed $1 billion in annualized revenue, grown to more than 300 employees, and then later saw reports of a possible $60 billion stock acquisition. If you’re trying to figure out how to invest in Anysphere (Cursor), the short answer is that direct retail access is still limited — and the practical alternatives matter more than the fantasy of buying private shares. Here’s what the company does, whether it’s public, and the realistic ways investors can get exposure.
What is Anysphere (Cursor)?
Anysphere is an applied research company focused on automating coding. Its main product, Cursor, is an AI coding assistant and AI code editor that helps developers write code more efficiently using machine learning. The company monetizes through software subscriptions and enterprise offerings, with product tiers that include Pro, Teams, and Enterprise.
The company was founded in 2022 and has described itself as having grown to a team of over 300 engineers, researchers, designers, and operators. In November 2025, Cursor said it had crossed $1 billion in annualized revenue. Its public-facing materials point to a major San Francisco presence, though a formal headquarters line was not clearly disclosed in the sources reviewed. Cursor also highlights use by major software organizations including Stripe, NVIDIA, OpenAI, Uber, Adobe, Shopify, Datadog, and Brex.
