Cursor, an artificial intelligence (AI) company that seeks to “create a magical engine with the goal of writing all the software in the world,” has announced that it has raised $60 million in a Series A round of funding.
The round, which included participation from Andreessen Horowitz, Thrive Capital, Openai and others, gave the company a valuation of $400 million, according to people familiar with the deal.
Cursor has become an application used by AI companies like Openai to build prototypes and debug software.
The company's goal is to automate 95% of the code engineers write today, allowing them to focus on the goal of each project rather than how to code that project.
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