Developer AI coding tool Cursor continues to gobble up venture capital as its valuation keeps climbing.
On Thursday, Cursor announced a $2.3 billion funding round that valued the company at $29.3 billion, as originally reported by the rel=”nofollow” href=”https://www.wsj.com/tech/ai/the-ai-coding-startup-favored-by-tech-ceos-is-now-worth-29-3-billion-14c72c02?st=9CAcjj&reflink=desktopwebshare_permalink”>Wall Street Journal. This round more than doubles the company’s previous valuation of $9.9 billion, which it achieved in its $900 million Series C round in June.
This most recent fundraise was led by co-led by Accel, an existing investor, and Coatue, which is new to the cap table. Strategic investors…

![[CITYPNG.COM]White Google Play PlayStore Logo – 1500×1500](https://startupnews.fyi/wp-content/uploads/2025/08/CITYPNG.COMWhite-Google-Play-PlayStore-Logo-1500x1500-1-630x630.png)