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 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,…
