Cursor Raises $2.3B Series D at $29.3B Valuation as AI Code Editor Crosses $1B Revenue
Summary
Cursor secures $2.3 billion Series D funding at $29.3 billion valuation as the AI code editor crosses $1 billion in annualized revenue, with backing from tech giants including NVIDIA and Google while serving millions of developers worldwide.
Key Points
- Cursor announces Series D funding of $2.3B at a $29.3B post-money valuation with investors including Accel, Thrive, Andreessen Horowitz, Coatue, NVIDIA, and Google
- The AI code editor company has grown to over 300 employees and crossed $1B in annualized revenue with millions of developers as customers
- Cursor's in-house models now generate more code than almost any other LLMs globally, with plans to use funding for research and development of new features