Cursor · CNBC Technology
AI outfit Cursor in talks to raise $2B funding round at valuation of over $50B
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◌ Single Source
Artificial intelligence startup Cursor is in talks to raise a $2 billion fundraising round at an over $50 billion valuation, which does not include the investment, a source familiar with the matter told CNBC.
Key facts
- Cursor announced in November that it closed a $2.3 billion funding round at a $29.3 billion post-money valuation
- Artificial intelligence startup Cursor is in talks to raise a $2 billion fundraising round at an over $50 billion valuation, which does not include the investment, a source familiar with the matter
- WATCH: Cursor CEO Michael Truell: They're seeing success with their AI age, not demand
- Among Cursor's current investors are Accel, DST Global, Coatue and Google, according to a corporate blog post
Summary
Andreessen Horowitz is slated to co-lead the new investment round, in which Nvidia and Thrive Capital are also expected to participate, said the source, who was not authorized to publicly speak on the investment. The funding round underscores the venture capital industry's enthusiasm for startups specializing in AI coding agents that can complete a range of software development tasks for users. Cursor announced in November that it closed a $2.3 billion funding round at a $29.3 billion post-money valuation. Among Cursor's current investors are Accel, DST Global, Coatue and Google, according to a corporate blog post.