When we raised our seed round nearly two years ago, we wrote:
In the next few years, we’d like to build a code editor that is more helpful, delightful, and fun than the world has ever seen. Cursor should be a place where it’s impossible to write bugs. An editor where you whip up 2,000-line PRs with 50 lines of pseudo code. A tool where you get any codebase question answered instantly. Perhaps even an interface where the source code itself starts to melt away.
It’s been exciting to see the early innings of this vision take shape.
We’re obsessed with the magical moments in the history of programming with AI. Internally, we often talk about how high the ceiling is for how great Cursor can become, and how much work still remains to get there.
Today, we’re pleased to announce a new round of financing: our Series D of $2.3B at a $29.3B post-money valuation. We’re excited to deepen our work with existing investors, including Accel, Thrive, Andreessen Horowitz, and DST, and welcome new partners Coatue, NVIDIA, and Google.
We’ve grown to a team of over 300 engineers, researchers, designers, and operators, with ambitious plans to expand our footprint. We’ve also crossed $1B in annualized revenue, counting millions of developers and many of the world’s most accomplished engineering organizations as our customers. And our in-house models now generate more code than almost any other LLMs in the world.
This funding will allow us to invest deeply in our research and build Cursor’s next magical moments.