Overview
- Accel and Coatue led the round, with strategic investors Nvidia and Google joining and returning backer Thrive Capital participating.
- The valuation more than doubles Cursor’s $9.9 billion mark from its $900 million Series C in June.
- CEO Michael Truell said the funds will be directed toward advancing Composer, the in-house coding model released in October.
- Cursor still uses models from Google, OpenAI and Anthropic, with plans for Composer to take on part of that workload over time.
- The raise comes as competition intensifies in AI coding tools, with OpenAI and Anthropic enhancing their offerings.