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Details
- Cursor has raised a $2.3 billion Series D round, with backing from major investors including Accel, Andreessen Horowitz, Coatue, Thrive Capital, Nvidia, and Google.
- The company revealed its annualized recurring revenue has surpassed $1 billion, growing from an undisclosed amount the previous year.
- Cursor’s IDE-integrated agent is touted to produce more production code than its automated rivals, based on internal usage data.
- Leadership plans to use the new capital for scaling model training, beefing up security for enterprise use, and hiring globally, though specifics were not detailed.
- Nvidia and Google's involvement signals closer partnerships for GPU supply and cloud distribution, while leading VCs deepen their bets on the generative-coding space.
- While exact valuation remains undisclosed, this funding round ranks among the largest for a developer-tools startup.
- This news comes after Cursor launched integrations with VS Code and JetBrains, positioning itself as a full-stack challenger to GitHub Copilot and Replit Ghostwriter.
Impact
This substantial capital injection escalates the race with GitHub Copilot, compelling industry incumbents to ramp up innovation in autonomous coding agents. Cursor’s revenue milestone underscores strong enterprise demand for AI-driven software development, which could propel mainstream adoption. The involvement of Google and Nvidia points to strategic alliances that may shift the playing field among cloud and hardware providers.
