Svmuu News: AI coding tool company Cursor is close to completing a new funding round, aiming to raise at least $2 billion at a pre-money valuation of $50 billion. This round is expected to be led by Thrive Capital and Andreessen Horowitz, with strategic investors such as NVIDIA participating, and Battery Ventures potentially joining as a new investor.

If successfully completed, the company's valuation would represent a significant increase from approximately $29.3 billion six months ago. In terms of revenue, Cursor's annualized revenue was about $2 billion in February this year, and it is projected to exceed $6 billion by the end of 2026. Concurrently, the company has achieved positive gross margins for some of its businesses through self-developed models and optimized cost structures. (TechCrunch)