Artificial intelligence startup Cursor on Thursday announced it has closed a $2.3 billion funding round at a $29.3 billion post-money valuation, nearly triple what it was worth as of its last raise in June.
Tune in at 4:30 p.m. ET as Cursor CEO Michael Truell joins "Closing Bell: Overtime" to discuss the funding round. Watch in real time on CNBC+ or the CNBC Pro stream.
Cursor built a popular AI coding tool that helps software developers generate, edit and review code. Its parent company, Anysphere, is an applied research lab that was founded in 2022.
Cursor is one of just a handful of AI startups, including OpenAI, Anthropic, xAI, Safe Superintelligence and Thinking Machines, that are valued at over $10 billion.
Investors including Accel, Thrive Capital, Andreessen Horowitz, DST Global, Coatue, Nvidia and Google participated in its latest funding round, according to a blog post.
"This funding will allow us to invest deeply in our research and build Cursor's next magical moments," Cursor said.