Verizon to cut 15,000 jobs amid growing competition pressures - WSJ
Investing.com -- AI coding tool maker Cursor has secured $2.3 billion in funding at a $29.3 billion valuation, representing nearly 12 times the company’s value from January, according to a report from the Wall Street Journal.
The funding round was co-led by existing investor Accel and new investor Coatue. Other previous backers including Thrive Capital and DST Global also participated in what marks Cursor’s third funding round this year.
The startup added strategic investors Google and Nvidia to "deepen the partnership," according to Cursor co-founder and CEO Michael Truell. Google provides AI services and cloud computing to Cursor, while Nvidia serves as an enterprise customer.
Cursor has reportedly turned down acquisition offers from several major AI companies, according to sources familiar with the situation.
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