Meet the newest billionaires of Silicon Valley: Founders of AI coding tool Cursor

Share via:



The latest $2.3 billion fundraise by the cofounders of the artificial intelligence (AI) coding tool Cursor has pushed them into the billionaire league.

According to Forbes estimates published on November 13, cofounders Michael Truell, Aman Sanger, Sualeh Asif, and Arvid Lunnemark together hold a 4.5% stake in the company, worth at least $1.3 billion.

ET reported that the AI startup raised $2.3 billion from new and existing investors such as Nvidia, Google, Accel, Thrive Capital, and Andreessen Horowitz at a valuation of $29.3 billion, with annual…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Meet the newest billionaires of Silicon Valley: Founders of AI coding tool Cursor



The latest $2.3 billion fundraise by the cofounders of the artificial intelligence (AI) coding tool Cursor has pushed them into the billionaire league.

According to Forbes estimates published on November 13, cofounders Michael Truell, Aman Sanger, Sualeh Asif, and Arvid Lunnemark together hold a 4.5% stake in the company, worth at least $1.3 billion.

ET reported that the AI startup raised $2.3 billion from new and existing investors such as Nvidia, Google, Accel, Thrive Capital, and Andreessen Horowitz at a valuation of $29.3 billion, with annual…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Pills, TikTok and weight-loss apps: the consumer-driven future of...

Ask executives in the healthcare industry about the...

Adda24-Owned StudyIQ’s Cofounder Gaurav Garg Steps Down

SUMMARY Since Adda247’s acquisition of StudyIQ in December 2021,...

iOS 26 has three new iPhone features I’ve been...

iOS 26 was a huge update for iPhone,...

Popular