Company
Date Published
Author
-
Word count
259
Language
English
Hacker News points
None

Summary

Cursor, a company aiming to revolutionize the code editing experience, has announced a Series D funding round of $2.3 billion, bringing its post-money valuation to $29.3 billion. With a vision to create an intuitive and error-free code editor, the company has grown significantly, now employing over 300 professionals and achieving over $1 billion in annualized revenue. Cursor's client base includes millions of developers and prominent engineering organizations, and their in-house models are among the leading large language models in generating code worldwide. The new funding will support continued research and development to further realize their vision, bolstered by existing investors like Accel and newcomers such as Coatue, NVIDIA, and Google.