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Stockreport

Cursor continues acquisition Spree with Graphite deal [TechCrunch]

Alphabet Inc. - Class C Capital Stock (GOOG)  More Company Research Source: TechCrunch
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: abc.xyz/investor
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, [Read more]
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Stockreport

Cursor continues acquisition Spree with Graphite deal [TechCrunch]

Alphabet Inc. - Class C Capital Stock  (GOOG) 
More Company Research Source: TechCrunch
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: abc.xyz/investor
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, [Read more]
IMPACT SNAPSHOT
EVENT TIME:
GOOG
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Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
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%
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%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS