Cursor may raise $2 billion at $50 billion valuation: Report

AI coding startup Cursor is close to securing new funding, which could bring in at least $2 billion in fresh capital, said a TechCrunch report citing sources.

The funding is expected to be led by returning investors Thrive and Andreessen Horowitz, with the company being valued at around $50 billion pre-money. Battery Ventures, a new backer, is also expected to contribute, as is Nvidia.

Although the round is already oversubscribed, the final terms have not yet been confirmed and could still change, the report said.