Replit Closes $250 Million Round

<p><strong><span class&equals;"legendSpanClass"><span class&equals;"xn-location">FOSTER CITY <&sol;span><&sol;span><&sol;strong>&&num;8212&semi; Replit&comma; an agentic AI software creation platform&comma; announced a <span class&equals;"xn-money">&dollar;250 million<&sol;span> round&comma; valuing the company at <span class&equals;"xn-money">&dollar;3 billion<&sol;span>&comma; an almost 3x valuation increase since its last raise in 2023&period; The funding comes on the heels of Replit growing annualized revenue from <span class&equals;"xn-money">&dollar;2&period;8 million<&sol;span> to <span class&equals;"xn-money">&dollar;150 million<&sol;span> in less than a year&comma; a more than 50x increase&comma; driven by a global community of more than 40 million users&period; Prysm Capital leads the round which includes Amex Ventures and Google&&num;8217&semi;s AI Futures Fund as strategic investors&period; YC&comma; Craft&comma; a16z&comma; Coatue&comma; <span class&equals;"xn-person">Paul Graham<&sol;span>&comma; and others are deepening their investments&period;<&sol;p>&NewLine;<p>Creators across various industries use Replit to build apps&comma; including teams at Zillow&comma; Duolingo&comma; and Coinbase&comma; among others&period; Building on this customer momentum&comma; Replit launched Agent 3 today&comma; its most autonomous agent to date&period; These advances mark a shift from a helpful assistant agent to a true collaborator&period; Agent 3 is ten times more autonomous than previous versions&comma; with the ability to test and fix code&comma; and to build custom agents and workflows that can automate complex or repetitive tasks for any type of work&comma; not just software engineering&period;<&sol;p>&NewLine;<p>&&num;8220&semi;We were the first to make vibe-coding a reality for individuals with no prior coding experience across the world&comma;&&num;8221&semi; said <span class&equals;"xn-person">Amjad Masad<&sol;span>&comma; CEO and founder of Replit&period;  &&num;8220&semi;With the raise and our new AI Agent&comma; we are positioned to supercharge customer traction to become the standard for enterprises&period; The future is exciting with millions — if not billions — of people bringing their ideas to life with a few clicks&period;&&num;8221&semi;<&sol;p>&NewLine;<p>&&num;8220&semi;Replit&&num;8217&semi;s vision — to empower everyone to build — strongly resonated with us&period; The traction with individuals&comma; teams and enterprises has positioned Replit to be the leading agentic AI platform building custom software&comma; agents and workflows&&num;8221&semi; said <span class&equals;"xn-person">Jay Park<&sol;span>&comma; managing partner and co-founder of Prysm Capital&comma; &&num;8220&semi;We are thrilled to support the Replit team in the next phase of their journey&period;&&num;8221&semi;<&sol;p>&NewLine;<p>In addition to the new investment&comma; Replit announced that its products are now available to global customers through the Google Cloud Marketplace&period;<&sol;p>&NewLine;<p>&&num;8220&semi;Replit is demonstrating what is possible with AI agents&comma;&&num;8221&semi; said <span class&equals;"xn-person">Jonathan Silber<&sol;span>&comma; director of the AI Futures Fund at Google&period; &&num;8220&semi;We look forward to working with them to build agents using Gemini that will power the enterprise and continue bringing the benefits of Gemini to software developers&period;&&num;8221&semi;<&sol;p>&NewLine;<p>The new funds will be used for scaling operations&comma; accelerated product development&comma; and global expansion as Replit builds out a new way to work in the era of AI&period;<&sol;p>&NewLine;