AI Coding Startup Cursor Raises $2.3 Billion at $29.3 Billion Valuation, Nearly Tripling Worth in Six Months
Summary
AI coding startup Cursor raises $2.3 billion at a $29.3 billion valuation, nearly tripling its worth in six months while crossing $1 billion in annualized revenue with backing from major investors including Nvidia and Google.
Key Points
- Cursor raises $2.3 billion in funding at a $29.3 billion valuation, nearly tripling its worth since June
- The AI coding startup crosses $1 billion in annualized revenue and grows to over 300 employees since launching in 2023
- Major investors including Accel, Thrive Capital, Andreessen Horowitz, Nvidia and Google participate in the funding round