Cursor announced a $2.3 billion Series D funding round at a $29.3 billion post-money valuation—nearly tripling its worth from $11.1 billion just five months earlier. The MIT-founded AI coding platform has crossed $1 billion in annualized revenue while expanding to over 300 employees.

This rapid ascent reflects enterprise urgency around AI-augmented development infrastructure as organizations struggle to maintain code quality and velocity amid exploding software complexity. Traditional development workflows increasingly buckle under AI-generated code volumes that require specialized tooling for review, debugging, and integration.