Cursor is reportedly raising funds at $9 billion valuation from Thrive, a16z, and Accel

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Startups providing AI-powered coding tools are striking a positive chord with investors. Cursor, one of the most popular tools in the segment, has attracted $900 million in a fresh round of funding led by Thrive Capital, as per a report from the Financial Times.

The FT noted that other top venture firms such as Andreessen Horowitz (a16z) and Accel are participating in the round that would value Anysphere, the company behind Cursor, at $9 billion.

Earlier this year, Cursor raised $105 million from Thrive and a16z at a $2.5 billion valuation,…



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Cursor is reportedly raising funds at $9 billion valuation from Thrive, a16z, and Accel


Startups providing AI-powered coding tools are striking a positive chord with investors. Cursor, one of the most popular tools in the segment, has attracted $900 million in a fresh round of funding led by Thrive Capital, as per a report from the Financial Times.

The FT noted that other top venture firms such as Andreessen Horowitz (a16z) and Accel are participating in the round that would value Anysphere, the company behind Cursor, at $9 billion.

Earlier this year, Cursor raised $105 million from Thrive and a16z at a $2.5 billion valuation,…



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.

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