Cursor continues acquisition spree with Graphite deal

AI coding assistant Cursor announced that it has acquired Graphite, a startup that uses AI to review and debug code.

Although the terms of the deal were not disclosed, Axios reported that Cursor paid “way over” Graphite’s last valuation of $290 million, which was set when the five-year-old company raised a $52 million Series B earlier this year.

Combining AI-powered code writing with AI-powered code review tools speeds up the process from drafting code to shipping it.

Furthermore, both Cursor and Graphite have other investors in common, including Accel and Andreessen Horowitz.