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Cursor raises $2.3 billion at a $29.3 billion valuation
Business
Cursor, the AI-powered coding platform, has snagged $2.3 billion in Series D funding, bumping its valuation up to a massive $29.3 billion.
The round was co-led by Coatue and Accel, with participation from Thrive Capital, NVIDIA, and Google. Andreessen Horowitz and DST Global are existing investors.
AI code editor for developers
Founded by Michael Truell, Cursor's AI code editor helps developers automate coding tasks while still keeping control over their projects.
It aims to blend human creativity with AI speed for faster software building.
Plans to use new funding to reach more global users
Cursor now pulls in over $1 billion in annualized revenue and supports millions of developers worldwide.
With 300+ team members on board, they're planning to use this new funding to reach even more global users.