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00:02Cursor is in talks to raise a $2 billion funding round at a valuation above $50 billion,
00:09excluding the new investment, according to CNBC. Andresen Horowitz is expected to co-lead the
00:14round with NVIDIA and Thrive Capital also participating. All three firms have previously
00:20backed the company. Bloomberg News first reported the fundraising. Cursor closed a $2.3 billion
00:25round at a $29.3 billion post-money valuation in November after a $900 million round in June.
00:33The company focuses on AI coding agents that perform software development tasks.
00:38Cursor released updates in February that allow agents to test code and record actions using
00:42videos, logs, and screenshots. Cursor did not respond to a request for comment.
00:47For all things money, visit Benzinga.com.
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