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 lift a $2 billion fundraising spherical at an over $50 billion valuation, which doesn’t embody the funding, a supply conversant in the matter advised CNBC.

Andreessen Horowitz is slated to co-lead the brand new funding spherical, wherein Nvidia and Thrive Capital are additionally anticipated to take part, mentioned the supply, who was not approved to publicly converse on the funding. These three companies 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 agents 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 companies, corresponding to Google, Anthropic and OpenAI, have since debuted similar tools.

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

Amongst Cursor’s present buyers are Accel, DST World, Coatue and Google, in accordance with a corporate blog post.

The startup launched in February numerous updates supposed to assist software program builders, together with giving AI agents the flexibility to check their coding modifications and report their actions by way of movies, logs and screenshots.

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

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