Cursor close to a $2B+ round at a $50B valuation

Friends, a quick AI update: Cursor is negotiating to raise over $2 billion at a $50 billion valuation.

Sources say Thrive and Andreessen Horowitz are leading; Battery Ventures and strategic investor Nvidia may join. The round has been re-signed but terms are not final.
The valuation is nearly double the previous $29.3B; the company targets over $6B ARR by end‑2026, up from $2B ARR in February.
Cursor has improved gross margins on large accounts via its proprietary Composer model and lower‑cost models, though retail accounts remain loss‑making.
Why it matters: large inflows validate interest in AI coding and underline the need to control model costs.
How do you assess the prospects for large rounds in AI‑coding?
#AI #startups #investing #ai-coding