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Cursor, an AI coding tool, has raised $2.3 billion in funding, pushing its valuation to $29.3 billion. This round more than doubles the company’s previous valuation of $9.9 billion, achieved in June’s Series C round. The funding was led by Accel and Coatue, with participation from Nvidia and Google. Thrive Capital, led by Joshua Kushner, also contributed to the round. Cursor plans to use the funds to develop Composer, an AI model designed to reduce reliance on external AI providers.
Key facts
- Cursor has raised $2.3 billion in funding, raising its valuation to $29.3 billion.
- The funding round more than doubles the company’s previous valuation of $9.9 billion.
- The round was co-led by Accel and Coatue, with participation from Nvidia and Google.
- Thrive Capital, led by Joshua Kushner, contributed to both prior rounds and this one.
- Cursor aims to use the funds to develop Composer, an AI model to reduce dependence on external AI providers.
