AI Coding Startup Cursor Seeks $2 Billion in New Funding
AI coding startup Cursor is seeking $2 billion in new funding, which could value the company at over $50 billion pre-money. The funding round includes returning investors like Andreessen Horowitz, Nvidia, and Thrive Capital, with the company's revenue run rate projected to exceed $6 billion by year-end. The startup has seen a shift in its business economics, with enterprise customers now generating positive gross margins.
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Topics: AI Andreessen Horowitz Cursor funding Nvidia startup