AI code editor Cursor completes $900M funding round, valued at $9B

AI code editor Cursor has raised $900 million in a funding round, bringing its valuation to $9 billion, according to the Financial Times, cited by Wu Blockchain on X. Alameda had invested $200,000 in the company’s seed round in 2022, but the stake was sold by FTX liquidators for the same amount. The investment may now be worth around $500 million, Financial Times added.