When we grew our seeds about two years ago, we wrote:
Over the next few years, we would like to create a code editor that is more useful, enjoyable, and entertaining than ever before in the world. The cursor should be in a place where it is impossible to write a bug. An editor where you prepare a 2,000-line PR with 50 lines of pseudo-code. A tool where you get instant answers to any codebase question. Perhaps even an interface where the source code itself begins to melt.
It has been exciting to see the early stages of this vision take shape.
We are fascinated by magical moments in the history of programming with AI. Internally, we often talk about how great Cursor can become, how high the ceiling is for it, and how much work still remains to get there.
Today, we are pleased to announce a new round of financing: our Series D of $2.3B, at a $29.3B post-money valuation. We are excited to deepen our work with existing investors, including Accel, Thrive, Andreessen Horowitz, and DST, and welcome new partners Coatue, NVIDIA, and Google.
We have grown to a team of over 300 engineers, researchers, designers and operators with ambitious plans to expand our footprint. Counting millions of developers and many of the world’s most accomplished engineering organizations as our customers, we have also surpassed $1B in annual revenue. And our in-house models now generate more code than almost any other LLM in the world.
This funding will allow us to invest deeper in our research and create Cursor’s next magical moments.