Cursor continues acquisition Spree with Graphite deal [TechCrunch]
Alphabet Inc. - Class C Capital Stock (GOOG)
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Source: TechCrunch
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. The tie-up makes strategic sense. The output of code generated by AI is often buggy, forcing engineers to spend a lot of time on corrections . Even though Cursor offers AI-powered code review through its Bugbo t product, Graphite's specialized toolset provides a distinct capability called a ‘stacked pull request,' which enables developers to work on multiple dependent changes simultaneously without waiting for approvals. Combining AI-powered code writing with AI-powered code review tools speeds up the process from drafting code to shipping it. Other startups providing AI-powered code review include CodeRabbit, valued at $ 550 million in September, and a smaller competitor, Greptile, which announced a $ 25 million Series A this fall. Michael Truell,
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