Cursor Closes $900M Series C Led by Thrive, Achieves $9.9B Valuation Amid AI Coding Boom

Details

• Cursor, an AI-driven code editor, has secured $900 million in Series C funding, with Thrive Capital leading and participation from Accel, Andreessen Horowitz, and DST Global.
• The company’s valuation has soared to $9.9 billion as its annual recurring revenue reaches $500 million.
• Over half the Fortune 500 now use Cursor, including notable enterprise clients such as NVIDIA, Uber, and Adobe.
• Cursor’s platform processes nearly a billion lines of code daily, showcasing large-scale adoption and impact.
• The startup turned down acquisition proposals, including one from OpenAI, to focus on scaling and maintaining independence in a fast-evolving landscape dominated by competitors like GitHub Copilot and Windsurf by Codeium.

Impact

This substantial funding round highlights rising investor confidence in AI-powered developer tools as enterprises increasingly adopt automation for coding. Cursor’s rapid growth and choice to remain independent signal strong ambition in a space defined by fierce competition from Microsoft-backed GitHub Copilot and other rivals. The company’s position speaks to the expanding influence of AI in reshaping enterprise technology workflows.