Silicon Valley-based artificial intelligence (AI) coding assistant Cursor, cofounded by 25-year-old Indian-origin entrepreneur Aman Sanger alongside three other Massachusetts Institute of Technology graduates, shot into the spotlight on Tuesday after Elon Musk-led SpaceX announced its acquisition in a $60 billion all-stock deal. The transaction is among the largest acquisitions ever of a VC-backed startup globally.
Cursor currently has $2.6 billion in annualised business-to-business revenue , making it one of the fastest-growing AI software startups. The company has so far raised $3.3 billion in funding from Nvidia, Google , Accel, Thrive Capital and Andreessen Horowitz across multiple rounds.
