AI editor Cursor completes $900 million in financing, FTX liquidation team once sold shares worth $500 million for $200,000

PANews reported on May 6 that the Financial Times reported that Anysphere, the company behind the AI code editor Cursor, completed a round of financing of US$900 million led by Thrive Capital, with a valuation of US$9 billion. This round of financing attracted top venture capital institutions to participate, including a16z and Accel. Cursor is an AI-based code editor that has developed rapidly in recent years. Prior to this round of financing, Anysphere received a US$105 million Series B financing led by Thrive Capital and Andreessen Horowitz at the end of 2023, with a valuation of US$2.6 billion. In just a few months, its valuation has more than tripled.

Crypto exchange FTX was once a seed round investor in Cursor, but after FTX went bankrupt and liquidated, its liquidation team sold its Cursor shares for $200,000, and the value of these shares has now soared to about $500 million.