Cursor Raised $2.3B at $30B Valuation: Is This the AI Bubble Everyone Warned About?

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November 17, 2025
Cursor just raised $2.3 billion at a $30 billion valuation with $1 billion in annualized revenue, making it the market leader in AI coding tools. But there's a catch: most of that revenue flows straight through to OpenAI, Anthropic, and Google for model access....