Cursor ARR at $50M, growing crazy from $4M in April
How Veed.io grow to $40M ARR in 4 years
Hi, friends, the news about Cursor just gave me a surprise. It is growing on a crazy path, TechCrunch said Cursor’s ARR now nearing $50M, while it was just $4M in April.
Such fast growth has VCs flocking to it. It has received unsolicited offers valuing it at as much as $2.5 billion from Benchmark, Index Ventures, and previous investors Andreessen Horowitz and Thrive.
While Cursor raised $60M led by Andreessen Horowitz and Thrive in August, it is valued at $400M.
Cursor then said they have grown to over 40,000 customers, including some of the world's most innovative startups, storied research labs, and valuable enterprises.
Maybe the popularity on social media about Cursor signals its rocket-skying growth. There are many AI-powered coding assistance startups, such as Cognition, Augment, Codeium, Magic, and Poolside.
Besides Microsoft’s GitHub Copilot’s $300M ARR, Cursor should be the fastest-growing AI Coding assistant.
Plus, there are another 5 startups that have a new ARR milestone in my ARR Tracker recently.
Tinyhost ARR at $300K
Tiiny Host is a user-friendly web hosting platform designed to simplify the process of sharing web projects online.
The platform allows users to upload various file types such as HTML, ZIP, and PDF formats easily. Users can drag and drop files or upload them directly, with the option to create custom link names for easy sharing.
TinyHost is now at $300K ARR but for the first year it was only making $70 MRR, it all changed with a market pivot that the target users were not developers but instead non-technical people that need to host their files and static websites.
Imprint ARR at $100M, growing 10x last year
Imprint is a company that specializes in creating modern co-branded financial products, including credit cards, deposit accounts, and installment loans.
These products are designed to seamlessly integrate with partner brands, enhancing customer loyalty and achieving significant business outcomes.
Imprint offers a user-friendly platform for managing these financial products, ensuring a rewarding payment experience. It had a 10x growth last year, surpassed $100M ARR and raised $150M equity, $500M debt.
G2 ARR surpassed $100M
G2 is the world's largest and most trusted software marketplace, helping over 90 million people annually, including employees at all Fortune 500 companies, make informed software decisions.
It offers authentic peer reviews and synthesized social data to guide users in selecting the right software and services. G2 also incentivizes reviews by offering gift cards, ensuring a wide range of user feedback.
G2 has experienced significant growth in its annual recurring revenue (ARR) over the past year. As of September 2024, G2 reported breaking the $100 million ARR mark, achieving a revenue of $113 million with a net revenue retention rate of 130%.
Buff ARR at $19M
Buffer is a social media management platform designed to help users grow their audience organically across various social media channels. The main features of Buffer include content creation, audience engagement, time-saving automation, and team collaboration.
It allows users to schedule posts, analyze performance, and engage with their audience across various social media platforms. With features like customized posts for each platform, smart scheduling, and content creation tools, Buffer helps streamline social media marketing efforts. It offers a free plan for beginners and a full toolkit for more advanced needs, making it a versatile choice for growing brands.
It has now 57,854 customers and surpassed $19m ARR.
Veed.io ARR surpassed $40M in 4 years
VEED.IO is a versatile online video editing platform that offers a range of AI-powered tools for creating, editing, and sharing videos. It features text-to-video capabilities, avatars, auto-subtitles, and voice translations.
Users can access a free version with basic editing features, though it includes a watermark and lower resolution. VEED.IO is praised for its user-friendly interface, extensive stock media library, and flexible templates, making it ideal for both beginners and professionals looking to produce high-quality videos directly from their web browsers.
Veed.io also created a good story of growth. CEO Sabba Keynejad said they were rejected twice by YC, the latest one in 2020.
But they are doing their best to survive, 20 months later they bootstrapped to $6M ARR.
In 2022 they raised $35M from Sequoia. This year they blew passed $40M ARR. They have always been very capital-efficient.
Adjacent companies in the space have raised $100M+ and are at similar levels of revenue. So their capital raised to ARR ratio is very good.
How did they get to it? Three answers