AI Startup Cursor Raises Funds at $29.3 Billion Valuation

Cursor, an artificial intelligence coding startup, has raised $2.3 billion in funding at a $29.3 billion valuation, roughly tripling its value in a matter of months.

Accel co-led the funding round with new investor Coatue, while existing investors such as Thrive Capital and DST Global participated, the company said on Thursday. Alphabet Inc.’s Google and Nvidia Corp. also invested. The Wall Street Journal previously reported details of the round.