AI startup Cursor in talks to raise $2 billion funding round at valuation of over $50 billion

Artificial intelligence startup Cursor is in talks to raise a $2 billion fundraising round at a valuation of more than $50 billion, which does not include investment, a source familiar with the matter told CNBC.

Andreessen Horowitz is planned to co-lead the new investment round. Nvidia and Thrive Capital are also expected to participate, said the source, who was not authorized to speak publicly about the investment. All three companies have previously supported the AI ​​coding initiative.

Bloomberg News ranks first reported The cursor was increasing capital.

The funding round underscores the venture capital industry’s interest in startups specializing in AI coding agents that can complete a variety of software development tasks for users. Although Cursor was among the first major startups to focus on AI coding agents, other companies such as Google, Anthropic, and OpenAI have since released similar tools.

Cursor announced in November that it had closed a $2.3 billion financing round at a post-money valuation of $29.3 billion. This financing came after a while 900 million dollars Investment tour in June

Cursor’s current investors include Accel, DST Global, Coatue and Google. corporate blog post.

The startup released several updates in February aimed at helping software developers; these include the ability for AI agents to test coding changes and record their actions through videos, logs, and screenshots.

Cursor did not immediately respond to a request for comment.

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