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Cursor's Valuation Nearly Triples to $29.3 Billion After $2.3B Funding

Summary generated with AI, editor-reviewed
Heartspace News Desk
Source: Reuters
TL;DR

Cursor, a code-generation startup, secured $2.3 billion in Series D funding led by Coatue with participation from Nvidia and Google's parent company, Alphabet, boosting its valuation to $29.3 billion. The company, having achieved over $1 billion in annualized revenue, has seen a 100x increase in sales-led revenue since early 2025, reflecting the wider trend of AI ventures comprising half of the $97 billion in global venture funding in Q3.

Key takeaways

  • Code-generation startup Cursor has raised $2
  • 3 billion in a Series D funding round led by Coatue, with participation from Nvidia, Alphabet (Google's parent company), and existing investor Accel
  • This investment nearly triples Cursor's valuation to $29
Code-generation startup Cursor has raised $2.3 billion in a Series D funding round led by Coatue, with participation from Nvidia, Alphabet (Google's parent company), and existing investor Accel. This investment nearly triples Cursor's valuation to $29.3 billion. The company plans to allocate the new capital to research and development. Cursor, which specializes in autonomous code generation tools, has surpassed $1 billion in annualized revenue. Since early 2025, its sales-led revenue has increased 100-fold, highlighting the continued growth in artificial intelligence investments. In the third quarter, AI ventures accounted for half of the $97 billion in global venture funding.

Related Topics

Artificial IntelligenceFundingCode GenerationStartupsValuationVenture CapitalInvestment

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