Cursor aims to raise $2 billion in a new funding round at a $50 billion valuation.

ChainCatcher report: AI programming tool company Cursor is nearing the completion of a new funding round, aiming to raise at least $2 billion, with a pre-money valuation of $50 billion. This round is expected to be led by Thrive Capital and Andreessen Horowitz, with strategic investors such as NVIDIA participating, and Battery Ventures potentially joining as a new investor. If successfully completed, the company’s valuation will represent a significant increase from approximately $29.3 billion six months ago. In terms of revenue, Cursor’s annualized revenue reached about $2 billion in February this year and is projected to exceed $6 billion by the end of 2026. Meanwhile, through its proprietary models and optimized cost structure, the company has already achieved positive gross margins on certain business segments.