CNBC (Jul 16, 2026): Independent business coverage.
- 17.5B; >$1B ARR (5× YoY per company)
- CEO Lin Qiao (ex-Meta); ~200 employees aiming ~600 by end-2026
- Once ~50% revenue from Cursor; diversified as open-model demand grew
- Clients: Elastic, GitLab, MongoDB
- Notes SpaceX–Cursor acquisition context (stock deal) as industry backdrop
- ~40T tokens/day company claim