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Cursor's Valuation Soars to $29.3 Billion After $2.3 Billion Raise

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

AI coding startup Cursor secured $2.3 billion in Series D funding led by Coatue and Accel, valuing the company at $29.3 billion, with participation from other firms like Google and Nvidia. Cursor, which creates AI tools for code generation, reports over $1 billion in annualized revenue and a significant revenue increase since early 2025, planning to use the funds for research.

Key takeaways

  • AI coding startup Cursor has raised $2
  • 3 billion in a Series D funding round co-led by Coatue and Accel, valuing the company at $29
  • 3 billion, according to Bloomberg
AI coding startup Cursor has raised $2.3 billion in a Series D funding round co-led by Coatue and Accel, valuing the company at $29.3 billion, according to Bloomberg.com. Thrive Capital, DST Global, Google, and Nvidia also participated in the round. Cursor, which develops AI tools for autonomous code generation, reports exceeding $1 billion in annualized revenue and a 100-fold increase in sales-led revenue since early 2025. The company intends to allocate the new capital to research initiatives, mirroring a wider trend of AI companies securing substantial private funding.

Related Topics

Artificial IntelligenceVenture CapitalFundingStartupCodingCursorValuation

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