Cursor AI Expands Reach with New Web App for AI Coding Agents, Reports $500 Million ARR

San Francisco, CA – Matt Popovich, Co-Founder and CTO of Anysphere, the company behind the AI code editor Cursor, expressed significant enthusiasm on social media following recent product advancements. Popovich's tweet, stating "> Yes... ha ha ha... YES!!", linked to what appears to be a major development for Cursor AI, specifically the launch of a new web application designed to manage AI coding agents directly from a browser. This release coincides with the broader rollout of Cursor 1.0, enhancing the platform's capabilities for developers.

Cursor AI has established itself as a leading AI-powered integrated development environment (IDE), enabling developers to write and manage code with artificial intelligence assistance. The company, Anysphere, has been strategically expanding its offerings beyond the desktop IDE to provide more versatile agent-powered experiences for its growing user base. This latest move marks a significant step in making its powerful AI tools more accessible across various platforms.

The newly launched web app allows users to manage Cursor's AI coding agents from any desktop or mobile browser. Developers can now send natural language requests to assign tasks, such as writing new features or fixing bugs, and monitor agents' progress. This expansion aims to "remove the friction" for users, enabling seamless transitions between agent-initiated tasks and direct IDE work.

Complementing the web app, the Cursor 1.0 release introduces several key features enhancing the AI coding experience. These include BugBot for automated code review, general availability of the Background Agent for remote coding, and improved Jupyter Notebook support for data science tasks. Additionally, a new "Memories" feature allows Cursor to recall past conversations and facts, further streamlining the development workflow.

Anysphere recently announced that Cursor has achieved an impressive $500 million in annualized recurring revenue (ARR), primarily driven by monthly subscriptions. The company also reports that its AI code editor is now utilized by more than half of the Fortune 500 companies, including major players like Nvidia, Uber, and Adobe. To capitalize on this growth, Cursor has introduced new pricing tiers, including a $200-per-month 'Ultra' plan for power users.

The company's strategic vision emphasizes the increasing role of AI agents in software development. Andrew Milich, Cursor’s head of product engineering, highlighted the goal of making Cursor the premier platform for AI-assisted coding. Anysphere CEO Michael Truell anticipates that AI coding agents could handle at least 20% of a software engineer’s workload by 2026, underscoring the transformative potential of these advancements.