AI startup company Cursor raises $2.3 billion in funding, with a valuation skyrocketing to $29.3 billion.

Artificial intelligence programming startup Cursor raised $2.3 billion in funding, reaching a valuation of $29.3 billion, nearly doubling its valuation in just a few months. The company announced on Thursday that this round of funding was led by Accel and new investor Coatue, with existing investors Thrive Capital and DST Global also participating. Alphabet Inc.'s Google and Nvidia also invested.