Over the last two years, Cursor has grown from a cult hit to one of the most popular AI code editors in software development. The tool's developer, Anysphere, has raised over $1 billion and was recently valued at $9.9 billion, per PitchBook. On Tuesday, Cursor hosted a one-day café at The Lost Draft in SoHo. It's one of several in-person events that AI companies have created to satisfy loyal customers and increase their social media hype.
"Bill used to always say that there's only one category: It's called Information Management," CEO Satya Nadella said in the meeting. "In fact, the thing he used to get frustrated by is, why the heck do I have a different app for writing a document, a different app for a website, and a different (development software) for writing an app?"
"This has the potential to leak sensitive credentials, modify files, or serve as a vector for broader system compromise, placing Cursor users at significant risk from supply chain attacks," Oasis wrote. While Cursor and other AI-powered coding tools like Claude Code and Windsurf have become popular among software developers, the technology is still fraught with bugs. Replit, another AI coding assistant that debuted its newest agent earlier this week, recently deleted a user's entire database.
Cursor is capitalizing on the disparity in the AI startup landscape by acquiring talent from startups like Koala to enhance its enterprise offerings and compete with major players.