AI editor cursor raises $900 million in funding, FTX clearing team sells $500 million worth of shares for $200000

According to the Financial Times, Anysphere, the company behind AI code editor cursor, has completed a $900 million funding round led by Thrive Capital, with a valuation of $9 billion. This round of financing has attracted top venture capital firms to participate, including a16z and Accel. Cursor is a code editor based on AI technology, which has developed rapidly in recent times. Prior to this round of financing, Anysphere had received a $105 million Series B round led by Thrive Capital and Andreessen Horowitz at the end of 2023, with a valuation of $2.6 billion at the time. In just a few months, its valuation has increased more than threefold. The cryptocurrency exchange FTX was once a seed round investor in Cursor, but after FTX's bankruptcy liquidation, its liquidation team sold its Cursor shares for $200000, and the value of these shares has now skyrocketed to about $500 million.