18 deals: Cursor to raise $2B at $50B valuation + 🇬🇧 UK's Recursive Superintelligence $500M funding

Cursor to raise $2B at $50B valuation + 🇬🇧 UK's Recursive Superintelligence $500M funding

💰 18 AI deals to start week, profiled below by category.

Cursor is the latest AI software devlopment company to raise multi $B rounds while UK's Recursive Superintelligence is raising $500M at $4B valuation according to the FT.

Cursor $2B

Investors: Andreessen Horowitz, Thrive Capital, Nvidia

Summary

Cursor is in advanced talks to raise at least $2 billion at over $50 billion valuation from Andreessen Horowitz, Thrive Capital, and Nvidia, aiming to enhance its AI coding platform.

What it does

Cursor has developed an AI code editor that fundamentally rethinks the coding workflow by integrating AI capabilities directly into the development process, rather than merely offering autocomplete features like GitHub Copilot. By forking Visual Studio Code and creating an AI-first environment, Cursor enables developers to seamlessly transition from planning to coding, effectively turning ideas into functional code.

Traction

Cursor became the fastest B2B software company to reach $1 billion in annual recurring revenue within two years of its launch in 2023, surpassing established players like Slack, Zoom, and Snowflake. The founding team comprised of MIT computer science graduates, led by CEO Michael Truell.

Trend impact

Cursor is poised to disrupt traditional coding environments dominated by tools like Visual Studio and GitHub by offering a more intuitive, AI-driven development experience. This funding round, which nearly doubles its valuation in just five months, signals strong confidence in its potential to redefine software development workflows and address the inefficiencies that have long plagued developers.

Curated by Nick Gregg, adviser, investor, operator - connect or reply to this email.

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18 AI deals this edition

⭐ Featured Deal

Recursive Superintelligence 🇬🇧

$500M

Recursive Superintelligence, a four-month-old London startup, has raised at least $500m at a $4bn pre-money valuation according to the FT, with the oversubscribed round potentially reaching $1bn. GV led and Nvidia joined. Founders Richard Socher (ex-Salesforce) and Tim Rocktäschel (UCL, ex-DeepMind) lead a ~20-person team of OpenAI, Google and Meta alumni. The yet-to-launch company aims to build AI that recursively self-improves without human involvement — widely seen as a path to superintelligence.