AI code editor Cursor has vaulted to a nearly $30 billion valuation after raising billions of dollars in one of the largest private financings of the year for an AI software firm.
In a new blog post, the San Francisco AI unicorn says it raised $2.3 billion in fresh capital following a Series D funding round, pushing the firm to a $29.3 billion post-market valuation.
Investors that participated in the latest funding round include Accel, Thrive, Andreessen Horowitz, and DST, as well as Coatue, Nvidia, and Google.
Cursor joins a number of AI giants that boast valuations above $20 billion, including OpenAI, xAI and Anthropic.
Cursor is an AI-powered code editor that integrates artificial intelligence directly into the development workflow. It is designed as an “always-on pair programmer,” assisting developers by generating code, debugging and explaining code using natural language interactions with the codebase.
The AI startup says its in-house models now generate more code than nearly any other large language model (LLM) in the world. Cursor also discloses a string of operational milestones.
“We’ve grown to a team of over 300 engineers, researchers, designers, and operators, with ambitious plans to expand our footprint. We’ve also crossed $1B in annualized revenue, counting millions of developers and many of the world’s most accomplished engineering organizations as our customers.”
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