Robert Peston

But my goodness, you've raised quite a lot of money quite quickly from the last time you raised money at a much higher valuation.

Why and what does it mean to you?

Well, first, thank you for having me.

We raised this money to invest deeply in research.

And we are this company that's something in between a product company and then also an AI and models company.

And in parts, it's an important product lever for us to do our own investment in product-specific models.

And that's something we've been doing for many years.

This lets us do that in a

You know, I was in Washington, D.C.

for GTCDC, Jensen Wong goes on stage and he made a very pointed remark that software, generally speaking, is now worth paying for, and he used Cursor as the case study.

Would you actually talk us through the case study?

NVIDIA is a big company.

It has many of its own engineers.

How are they using Cursor?

What are they using it for?

And how are you charging them for it?

Well, we've been really happy to see not just the accelerating demand in our market, but also the success in our deployments with customers.

There was actually a study that came out recently that showed that customers, after they switch to our agent, get 40% more done.

This is a productivity reference for the engineer themselves, the workload that they're trying to get through?

Yes.