AI startup Cursor in talks to raise $2 billion funding round at valuation of over $50 billion

Synthetic intelligence startup Cursor is in talks to boost a $2 billion fundraising spherical at an over $50 billion valuation, which doesn’t embrace the funding, a supply accustomed to the matter advised CNBC.

Andreessen Horowitz is slated to co-lead the brand new funding spherical, through which Nvidia and Thrive Capital are additionally anticipated to take part, stated the supply, who was not approved to publicly communicate on the funding. These three corporations have all beforehand backed the AI coding startup.

Bloomberg Information first reported that Cursor was elevating capital.

The funding spherical underscores the enterprise capital trade’s enthusiasm for startups specializing in AI coding brokers that may full a spread of software program growth duties for customers. Though Cursor was among the many first main startups to concentrate on AI coding brokers, different firms, resembling Google, Anthropic and OpenAI, have since debuted related instruments.

Cursor introduced in November that it closed a $2.3 billion funding spherical at a $29.3 billion post-money valuation. That financing got here after a $900 million funding spherical in June.

Amongst Cursor’s present traders are Accel, DST World, Coatue and Google, based on a company weblog publish.

The startup launched in February numerous updates meant to assist software program builders, together with giving AI brokers the power to check their coding modifications and report their actions through movies, logs and screenshots.

Cursor didn’t instantly reply to a request for remark.

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