AI editor Cursor completes $900 million financing, with participation from a16z and others

ChainCatcher news, according to the Financial Times, the company behind the AI code editor Cursor, Anysphere, has just completed a $900 million funding round led by Thrive Capital, reaching a valuation of $9 billion. This round attracted participation from top venture capital firms, including a16z and Accel.

Upon inquiry, it was found that the cryptocurrency exchange FTX was a seed round investor in Cursor, but after FTX's bankruptcy liquidation, its liquidation team sold the Cursor shares they held for $200,000, while those shares have now skyrocketed to a value of approximately $500 million.

Cursor is an AI-powered code editor that has been rapidly developing recently. Before this funding round, Anysphere had raised $105 million in a Series B round led by Thrive Capital and Andreessen Horowitz at the end of 2023, with a valuation of $2.6 billion at that time. In just a few months, its valuation has more than tripled.