Cursor Secures $2.3 Billion Series D Financing at $29.3 Billion Valuation

Cursor, the leading AI development platform, announced the successful closing of its Series D funding round, raising $2.3 billion at a post-money valuation of $29.3 billion. 

The significant financing included continued commitment from existing investors Thrive, a16z, Accel, and DST, and welcomed new investment from Coatue, NVIDIA, and Google.

This capital infusion will enable Cursor to significantly increase investment in technical research, product development, and frontier model training — like the recently launched Composer agentic coding model — while also expanding to meet growing demand from enterprise and Fortune 500 companies.

“We believe that coding will be the single biggest driver of global productivity over the next decade, and our mission is to accelerate that progress,” said Michael Truell, Cursor co-founder and CEO. 

“This funding allows us to dramatically increase our investment in research and product efforts and expand our footprint, ensuring we can continue to equip the world’s engineering teams with the best tool for crafting software.”

The company has experienced rapid expansion, growing into a team of over 250 engineers, researchers, designers, and operators based in San Francisco and its new office in New York. 

Cursor has exceeded $1 billion in annualized revenue and currently serves millions of developers and many of the world's most accomplished engineering organizations.

Cursor has evolved beyond a standard code editor. It is now defined as the platform for performing work over a codebase, from how code is written to how it is read and reviewed.

While AI has lowered the barriers to entry in coding, its most transformative potential lies in its ability to raise the ceiling for building excellent production-grade software that endures. Better coding tools promise to free expert developers from mundane work, allowing them to focus on higher-leverage decisions.

This Series D funding marks a new chapter for the company, establishing Cursor out front in the mission to power the next era of software.