Startups offering AI-powered coding instruments are hanging a constructive chord with buyers. Cursor, some of the fashionable instruments within the section, has attracted $900 million in a recent spherical of funding led by Thrive Capital, as per a report from the Financial Times.
The FT famous that different prime enterprise companies resembling Andreessen Horowitz (a16z) and Accel are taking part within the spherical that may worth Anysphere, the corporate behind Cursor, at $9 billion.
Earlier this 12 months, Cursor raised $105 million from Thrive and a16z at a $2.5 billion valuation, as beforehand reported by TechCrunch.
Different AI-powered coding startups are additionally attracting investor curiosity. In February, TechCrunch reported that Windsurf was in discussions about elevating a spherical at a $3 billion valuation. Final month, experiences of OpenAI trying to acquire the startup on the identical worth additionally emerged.