Eseandre Mordi
⬤ Anysphere, the company behind Cursor, just closed a massive $2.3 billion funding round at a $29.3 billion valuation—up from under $10 billion earlier this year. Cursor has taken off across the tech world, with users now including OpenAI, Instacart, Spotify, Uber, and Major League Baseball. The rapid adoption shows how AI coding assistants are becoming essential infrastructure for modern software teams.
⬤ The funding comes as policymakers debate new tax rules that could hit high-growth AI companies hard. Proposed changes include higher corporate tax rates, reduced R&D credits, and stricter rules on stock compensation. These shifts could squeeze smaller startups or push them toward bankruptcy if capital dries up. Larger firms might slow hiring or cut back on infrastructure investment. Tighter taxation on equity compensation could also drive top AI talent overseas—a real concern when specialized engineering expertise is already scarce.
⬤ Anysphere's explosive growth reflects the fierce competition in AI developer tools and the real economic value of autonomous coding systems. As Cursor embeds itself deeper into enterprise workflows, the company is becoming a key player in how software gets built. With potential tax reforms looming that could reshape innovation funding and talent movement, this funding round marks a pivotal moment for the AI industry.
Eseandre Mordi
