Bloomberg quoted people familiar with the matter as reporting that Anysphere Inc., the developer behind the popular artificial intelligence code editor Cursor, has negotiated a deal with investors that will double its valuation in a new round of financing. Investors have reached out to the company in recent weeks about a financing deal that would take the startup's valuation to $18-20 billion.

Bloomberg quoted people familiar with the matter as reporting that Anysphere Inc., the developer behind the popular artificial intelligence code editor Cursor, has negotiated a deal with investors that will double its valuation in a new round of financing. Investors have reached out to the company in recent weeks about a financing deal that would take the startup's valuation to $18-20 billion.