Welcome to the podcast. I'm your host, Jaden Schaefer. Today on the podcast, we're talking about

Cursor, which is a coding assistant, and it has just completed an absolutely astronomical amount

of money raised. $2.3 billion. What's crazy is this coming five months after its previous round. It just

continues to, I mean, just absolutely absorb venture capital.

Its valuation continues to rise.

They've actually just hit a $29.3 billion valuation with this new round of funding that

they've done, which was reported by the Wall Street Journal.

And what's insane is this actually more than doubles the company's previous valuation,

which was $9.9 billion.

It did this when it raised $900 million

in a series C in June. When that happened, everyone was pretty shocked and, you know, blown away that

they were able to raise almost a billion dollars. And now, just five months later, they're at $2.3

billion raised. This most recent fund raise was led by, well, it was actually co-led.

There's two leads on it.

A cell was one of them who is an existing investor.

They put money in.

And then there was coat, which is new on the cap table.

They have some strategic investors, including Invidia, of course, and Google, who also joined

in the round.

No shocker here, Nvidia is basically handing out money to the top AI use cases, as they

know the money is going to come straight back to them as more compute will be needed.

So Joshua Kushner, who's from Thrive Capital, led the company's two prior rounds that they did,

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