Key Points
- Artificial intelligence startup Cursor is in talks to raise a $2 billion fundraising round at an over $50 billion valuation, which does not include the investment, a source familiar with the matter told CNBC.
- Andreessen Horowitz is slated to co-lead the new investment round, in which Nvidia and Thrive Capital are also expected to participate, said the source, who was not authorized to publicly speak on the investment. Those three firms have all previously backed the AI coding startup.
- The funding round underscores the venture capital industry’s enthusiasm for startups specializing in AI coding agents that can complete various software development tasks for users.
