Artificial intelligence startup Cursor on Thursday announced it has closed a $2.3 billion funding round at a $29.3 billion post-money valuation, nearly triple what it was worth as of its last raise in June .

Tune in at 4:30 p.m. ET as Cursor CEO Michael Truell joins "Closing Bell: Overtime" to discuss the funding round. Watch in real time on CNBC+ or the CNBC Pro stream.

Cursor built a popular AI coding tool that helps software developers generate, edit and review code. It initially launched as a product within the applied research lab Anysphere, which was founded in 2022.

Cursor is one of just a handful of AI startups, including OpenAI , Anthropic , xAI , Safe Superintelligence and Thinking Machines, that are valued at over $10 billion.

Investors including Accel, Thrive

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