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Hey followers! Today, let’s dive into the exciting world of AI and startups with some cool news about Cursor, the AI coding buddy that’s just hit big.
Cursor, the AI coding helper, has raised a whopping $900 million, valuing the company at $9.9 billion, according to Bloomberg. This is their third funding round in less than a year!
The startup, only three years old, previously raised $100 million at a $2.5 billion valuation. Their revenue is skyrocketing, now exceeding $500 million annually, a 60% jump since April. They offer developers tiered pricing plans: a free two-week trial, then $20 for Pro, or $40 a month for business subscriptions.
Initially, most revenue came from individual subscriptions, but now they’re offering enterprise licenses to companies, making their platform more versatile. OpenAI, known for ChatGPT, had shown interest earlier but turned down offers to acquire Cursor. Interestingly, OpenAI did buy Windsurf, another up-and-coming AI assistant, for around $3 billion.
Based on sources, Cursor is quickly becoming one of the hottest AI tools for programmers, with double the revenue every couple of months. The company’s growth story is impressive, and it’s turning heads in the tech world. Stay tuned for more updates on this innovative startup!
