AI editor Cursor completes $900 million financing, led by Thrive Capital

CoinRank News: Anysphere, the company behind the AI code editor Cursor, has just completed a $900 million round of financing led by Thrive Capital, with a valuation of $9 billion. This round of financing attracted top venture capital firms to participate, including a16z and Accel. The cryptocurrency exchange FTX was a seed round investor in Cursor, but after FTX went bankrupt and liquidated, its liquidation team sold its shares in Cursor for $200,000, and the value of these shares has now soared to about $500 million. It is reported that Cursor is an AI-based code editor that has developed rapidly in recent years. Prior to this round of financing, Anysphere received a $105 million Series B financing 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 more than tripled. (Financial Times)