AI coding startup Cursor is reportedly close to securing at least $2 billion in fresh capital at a $50 billion pre-money valuation, nearly doubling its valuation from six months ago, as venture capital firms Thrive Capital and Andreessen Horowitz prepare to lead an already oversubscribed round.
If completed, this funding would nearly double Cursor's previous post-money valuation of $29.3 billion, which was set during its last fundraising round six months earlier. In June 2025, the California-based firm raised $900 million.
The company did not respond to Benzinga‘s request for comment outside office hours.
Despite facing fierce competition from other AI-coding offerings, Cursor’s revenue is on a rapid upward trajectory. The revenue is projected to exceed $6 billion by the end of 2026, suggesting its annualized revenue could roughly triple over the next 10 months.
Cursor's parent company, Anysphere, was co-founded by Michael Truell, Sualeh Asif, Arvid Lunnemark and Aman Sanger while they were students at Massachusetts Institute of Technology.
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