FTX’s $500M Loss as AI Startup Cursor Soars to $1B Valuation
FTX bankruptcy liquidators sold their $200,000 stake in the AI coding platform Cursor, missing out on a potential $500 million gain.
Since the sale, Cursor, developed by Anysphere Inc., has raised $900 million in funding and reached a $9 billion valuation. With backing from top venture capitalists. The platform, designed to assist developers with smart coding tools, generates over $200 million in annual recurring revenue.
This missed opportunity follows other undervalued asset sales by FTX liquidators. Including the SUI blockchain contracts, which were sold for $1 million before reaching a $3 billion valuation.
Clever Robot News Desk 8th May 2025
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