AI editor Cursor completes $900 million in financing, with a16z and others participating

According to the Financial Times, Anysphere, the company behind the AI code editor Cursor, has just completed a $900 million funding round led by Thrive Capital, valuing the company at $9 billion. This round attracted top venture capital firms, including a16z and Accel. Upon investigation, the cryptocurrency exchange FTX was previously a seed investor in Cursor. After FTX's bankruptcy liquidation, its liquidation team sold Cursor's shares for $200,000, which are now worth approximately $500 million. Cursor is an AI-powered code editor that has been developing rapidly. Before this funding round, Anysphere received a $105 million Series B funding round led by Thrive Capital and Andreessen Horowitz at the end of 2023, with a valuation of $2.6 billion. In just a few months, its valuation has grown by more than threefold.