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Investing.com -- Cursor, the AI-powered code editor company, announced Thursday it has secured a Series D funding round of $2.3 billion at a post-money valuation of $29.3 billion.
The funding round includes participation from existing investors Accel, Thrive, Andreessen Horowitz, and DST, while adding new partners Coatue, NVIDIA, and Google.
Cursor has grown to a team of over 300 employees across engineering, research, design, and operations roles. The company reports it has crossed $1 billion in annualized revenue, with millions of developers and major engineering organizations as customers.
According to the announcement, Cursor’s in-house models now generate more code than almost any other large language models (LLMs) in the world.
The company plans to use the new funding to invest in research and development to build what it calls "Cursor’s next magical moments" in AI-assisted programming.
Cursor was founded nearly two years ago with a vision to create a code editor that would be "more helpful, delightful, and fun than the world has ever seen," aiming to make it "impossible to write bugs" and enable developers to create large pull requests with minimal code.
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