BroadChain has learned that on April 18th, according to TechCrunch, AI programming tool company Cursor is close to completing a new round of financing, aiming to raise at least $20 billion, with a pre-money valuation reaching $50 billion.
This round of financing is expected to be led by Thrive Capital and Andreessen Horowitz, with strategic investors such as NVIDIA participating, and Battery Ventures may join as a new investor.
If successfully completed, Cursor's valuation will see a significant increase compared to its level of approximately $29.3 billion six months ago. In terms of revenue, Cursor's annualized revenue in February 2026 was about $20 billion and is expected to exceed $60 billion by the end of 2026.
Meanwhile, Cursor has achieved positive gross margins in some of its business segments through self-developed models and optimized cost structures.