Cursor

Product

AI code editor. One of the few products in this layer with revenue that grew more than threefold in a year.

~$4B annualised revenue, mid 2026

What has happened

A startup founded by former Anthropic and METR staff raises $40 million to certify AI agents for insurers

· L5 Tooling and infrastructure · $40M Series A, $55M total · Confirmed

AIUC, short for Artificial Intelligence Underwriting Company, raised 40 million dollars in a Series A led by Ribbit Capital with participation from First Harmonic, which takes its total funding to 55 million dollars alongside an earlier 15 million dollar seed. One founder was Anthropic's first product hire; the other was a partner in McKinsey's insurance practice and chief operating officer of the AI safety research group METR. The company has built a standard called AIUC-1 that tests how agents hold up against risks including jailbreaks, hallucinations and data leaks, using 5,000 risk and attack combinations. Its own release names Cursor, ElevenLabs, Harvey, KPMG, Lovable, UiPath and Fin as companies that certify against it. For most people nothing changes today; this is an attempt to build the kind of inspection standard insurers and large companies want before they rely on AI agents more heavily.

Source

Cursor says the developers who lean on its new Projects feature merge six times as many code changes

· L6 Applications and agents · 6x more PRs among heaviest users; 30% for new users · Reported

Cursor, the AI code editor, launched a feature called Projects, which in its own words lets you take on larger bodies of work such as a feature, a migration or a full app, with a set of files that sync across every machine its agents use. Cursor is not describing work across separate repositories; an earlier version of this item said it was. The company says new users merge 30 percent more pull requests, the packages of code changes submitted for review, while users who primarily use Projects merge six times as many. Cursor does not state what that six times is measured against, so read it as a comparison between its own users rather than against not using the tool at all. Cursor says a typical Project is on track to touch between 20 and 100 pull requests a day. These are Cursor's own usage figures about its own product, not independently audited. For software teams already paying for Cursor, this points to a tool meant to let a smaller team review and ship more code, though how much of that is genuinely new work versus work that would have happened anyway is not something Cursor's own numbers can show.

Source

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