The world's first AI programming startup reaches a valuation of over 200 billion yuan, with NVIDIA and Google vying for investment.

On November 14th, according to ZDONGXI, today, the popular AI programming tool Cursor (whose parent company is Anysphere) announced the completion of a massive Series D financing round of $2.3 billion (approximately RMB 16.32 billion). According to The Wall Street Journal, after this round of financing, Anysphere's post - investment valuation has reached $29.3 billion (approximately RMB 207.91 billion).

This financing not only refreshed the highest valuation in the global AI programming track but also made Anysphere the world's first AI programming startup with a valuation exceeding RMB 200 billion.

The list of investors in Anysphere's current financing round is impressive. The new investors include Nvidia, Google, and the top - tier fund Coatue. Existing investors of Cursor, Accel, Thrive, a16z, and DST, also increased their investments accordingly. The lead investors in this round of financing are Accel and Coatue.

This is Anysphere's third financing round completed within nearly one year, during which its valuation has increased by approximately 1026%. In December 2024, Cursor completed a Series B financing of $105 million, with a post - investment valuation of $2.6 billion. Six months later, Cursor completed a Series C financing of $900 million, and its post - investment valuation increased to $9.9 billion. Cursor has raised over $3.305 billion (approximately RMB 23.45 billion) within one year.

Summary of Anysphere's financing history (compiled by ZDONGXI)

Michael Truell, the founder and CEO of Anysphere, said in an interview with The Wall Street Journal that Cursor specifically invited Google and Nvidia to participate in this round of investment to deepen the cooperation between them.

Google provides AI services and cloud computing for Anysphere, and Nvidia is an enterprise user of Cursor. At this year's GTC conference in Washington, Jensen Huang, the founder and CEO of Nvidia, also specifically expressed positive comments about Cursor. Jensen Huang said that at Nvidia, every software engineer uses Cursor. Cursor is like a programming partner for everyone, significantly improving productivity.

In the press release announcing the financing, Anysphere revealed that currently, Cursor's annualized revenue has exceeded $1 billion (approximately RMB 7.09 billion). Millions of developers and many of the world's most successful engineering organizations are its customers. Cursor now has a team composed of more than 300 engineers, researchers, designers, and operators and plans to further expand the company's scale.

At the end of October, Cursor launched its first self - developed programming model, Composer. The company claims that the amount of code generated by its self - developed model has almost exceeded that of any other large model globally.

Conclusion: The model battle in AI programming has begun, and Cursor is well - equipped

Cursor said that this new financing will enable them to invest deeply in scientific research and create the next amazing moment for Cursor. As the performance and capabilities of its self - developed model are verified and recognized by users, Cursor may continue to firmly pursue the path of self - developed models in the future.

Currently, more and more AI programming companies are starting to focus on self - developed models. Whether it's foreign products like Windsurf and Cognition or domestic products such as Alibaba's Qoder, ByteDance's Trae, and Kuaishou's CodeFlicker, there are more or less self - developed models behind them.

Since IDEs can access a large amount of real - user code and behavior data, using this high - quality data for model training after desensitization can not only continuously optimize the model's context understanding, code generation accuracy, and engineering adaptability but also form a unique barrier for such tool - type products in the data flywheel.

This article is from the WeChat official account “ZDONGXI” (ID: zhidxcom). The author is Chen Junda, and the editor is Yun Peng. It is published by 36Kr with authorization.