Software Development

AI startup Cursor has raised $2.3 billion in a Series D funding round, valuing the company at $29.3 billion. The AI-assisted coding tool provider, founded by Anysphere in 2022, automates code generation, editing, and review, aiming to accelerate software development. Investors include Accel, Thrive Capital, Andreessen Horowitz, DST Global, Coatue, Nvidia, and Google. Cursor claims to have surpassed $1 billion in annualized revenue since its 2023 launch. With competition from OpenAI, Anthropic, and others, the company will need continuous innovation to maintain its market position.

Code Metal, a startup specializing in AI-powered coding tools, has secured $36.5 million in funding led by Accel Partners. Code Metal’s innovation allows engineers to write code once and automatically translate it into multiple programming languages, addressing the challenge of fragmented hardware architectures in industries like automotive and embedded systems. Unlike generative AI “vibe coding” platforms, Code Metal focuses on deploying production-ready code using formal methods to ensure accuracy and compliance. The company’s technology is in demand from the U.S. Air Force to automotive suppliers.

GitHub has launched Agent HQ, a “mission control” platform to manage AI coding agents across multiple providers like OpenAI and Google. This initiative aims to unify the fragmented AI-assisted software development space by offering a centralized interface to assign tasks, monitor progress, and provide real-time oversight. GitHub COO emphasizes streamlining the management of diverse agents to avoid chaos. Integration with third-party agents will roll out to GitHub Copilot subscribers. Agent HQ potentially will accelerate software development and solidify GitHub’s position in the AI coding revolution.

Kayvon Beykpour, Periscope’s co-founder, is launching Macroscope, a platform designed to enhance software development workflows. Backed by $40 million in funding, Macroscope aims to address transparency issues in software development by providing tools for developers to proactively resolve coding issues and offering managers greater visibility into their teams’ activities. It integrates with platforms like GitHub and leverages AI models from Anthropic, Google, and OpenAI for intelligent code suggestions. Macroscope is priced at $30 per developer per month and has already attracted clients like A24, Class, and Seed Health.

Huawei’s consumer chief Richard Yu stated at Tsinghua University that developing ecosystems is tougher than creating OS systems. Speaking on May 23, he emphasized HarmonyOS—now running on 800 million devices globally—as an innovative, infrastructure-independent platform. Yu, a 1993 Huawei veteran behind key telecom patents, urged engineering graduates to join the company’s software initiatives, framing OS development as foundational for smart industries. He humorously contrasted his technical expertise with humanities, underscoring Huawei’s focus on cross-sector innovation for ecosystem maturity.