Cursor Secures $60M in Series A for AI-Powered Coding

Aug 22, 2024, 05:43 PM

Cursor, an AI-powered coding platform, has raised $60 million in Series A funding from notable investors including Andreessen Horowitz, Jeff Dean, John Schulman, and the founders of Stripe and Github. The platform, which is recognized as an effective tool for AI-assisted programming, is built on an ensemble of custom and frontier models. Cursor's development team, consisting of about 13 employees based in San Francisco, is dedicated to improving the product with each iteration. The funding round was led by Andreessen Horowitz, marking a significant step in the company's growth. Cursor, a fork of Visual Studio Code, is tailored for AI-assisted programming and aims to make coding more accessible to a broader audience. Several team members are Neo Scholars, highlighting the company's commitment to nurturing talent.