Cursor, the AI development platform, has closed a $2.3 billion Series D funding round at a post-money valuation of $29.3 billion. The round drew support from existing investors Thrive, a16z, Accel, and DST, while bringing in new backers Coatue, NVIDIA, and Google.
The investment arrives as Cursor's enterprise revenue has grown 100x year-to-date in 2025. Professional developers are turning to the platform for its speed and accuracy in delivering secure, production-ready code.
The new capital will fund increased investment in technical research, product development, and frontier model training. This includes work on Cursor's recently launched Composer agentic coding model. The company will also scale its operations to meet surging demand from enterprise clients and Fortune 500 companies, while expanding its team across offices in San Francisco and New York City.
"We believe that coding will be the single biggest driver of global productivity over the next decade, and our mission is to accelerate that progress," said Michael Truell, Cursor co-founder and CEO. "This funding allows us to dramatically increase our investment in research and product efforts and expand our footprint, ensuring we can continue to equip the world's engineering teams with the best tool for crafting software."
The funding will support Cursor's expansion into new enterprise markets and help the company maintain its technical edge. With millions of developers already using the platform and a growing roster of sophisticated engineering organizations, Cursor is positioning itself to serve an even broader customer base.
The company has scaled rapidly to more than 250 employees, including engineers, researchers, designers, and operators. It has surpassed $1 billion in annualized revenue while serving many of the world's most respected engineering teams.
Cursor has moved past being just another code editor. The platform now handles the full spectrum of work across a codebase—from writing and reading code to reviewing and maintaining it.
AI tools have made coding more accessible to beginners. But their real value lies in helping experienced developers build better software. By automating routine tasks, these tools let expert engineers focus on critical architectural decisions and complex problem-solving.
The Series D funding represents a significant milestone for Cursor as it works to define the future of software development. The company serves more than 50,000 teams globally, including the majority of Fortune 500 companies.
This investment positions Cursor to continue developing tools that help teams tackle difficult technical challenges more efficiently. The focus remains on creating an ecosystem that makes writing, reviewing, and maintaining code faster and more reliable.
