AI startup Cursor raises $2.3 billion round at $29.3 billion valuation
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Artificial intelligence startup Cursor on Thursday announced Closed $2.3 billion funding round at a post-money valuation of $29.3 billion; this was nearly three times its value as of its last increase in 2015. June.
Cursor has developed a popular AI coding tool that helps software developers create, edit and review code. Its parent company, Anysphere, is an applied research laboratory founded in 2022.
Cursor is one of a handful of AI startups valued at over $10 billion, including OpenAI, Anthropic, xAI, Safe Superintelligence and Thinking Machines.
Investors such as Accel, Thrive Capital, Andreessen Horowitz, DST Global, Coatue Nvidia And Google According to, participated in the latest financing round a blog post.
“This funding will allow us to invest deeply in our research and create Cursor’s next magical moments,” Cursor said.
Since the tool was first launched in 2023, Cursor said its annual revenue has exceeded $1 billion and its number of employees has grown to over 300.
The company said its in-house models produce “almost” more code than any other major language model in the world.
The coding tool market has become even more crowded in recent months as it proves to be a lucrative AI use case. Cursor competes with companies like OpenAI, Anthropic and Cognition, which acquired AI coding startup Windsurf in July.
OpenAI approached Anysphere about potentially acquiring Cursor earlier this year, but the deal failed to gain traction, as CNBC previously reported. OpenAI was also briefly in talks to acquire Windsurf and eventually introduced its own coding tool. Codex In May.
In September, Anthropic announced that its coding tool Claude Code It has already generated more than $500 million in revenue for the company since its full launch in May. As of July, Windsurf generated $82 million in annual revenue, Cognition said. blog post In that case.
“We often talk internally within the company about how high the ceiling is for how great Cursor can be and how much work still needs to be done to get there,” Cursor said.
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