(Reuters) -Code-generation startup Cursor nearly tripled its valuation to $29.3 billion in five months after raising $2.3 billion in its latest funding round, as artificial intelligence companies continue to attract investor attention.

The Series D funding round was led by new investor Coatue, an investment management firm, and existing investor Accel, Cursor said in a blog post on Thursday. Fresh investors Nvidia and Alphabet’s Google also participated in the round.

AI firms have dominated private funding markets this year, with global venture funding in the third quarter increasing 38% year-over-year to $97 billion, about half of which went to AI companies, according to data from Crunchbase.

A surge in investor appetite for AI-linked firms also helped drive Wall Street’s benchmark ind

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