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Cloud Developer Platform Replit Raises $97.4M At $1.16B Valuation To Further Its Lead In Ai Development And Continue Its Exponential Growth

Apr 25, 2023•over 2 years ago

Amount Raised

$97.4 Million

San FranciscoInformation Technology

Investors

CoatueAndreessen Horowitz

Description

Replit, the world's fastest-growing developer platform and creator of Ghostwriter, the generative AI for software development, announced the close of its $97.4 million financing round at a $1.16 billion post-money valuation. Replit will use the new funds to innovate on its core development experience, expand its cloud services for developers, and drive innovation in AI and LLMs through Ghostwriter.

Company Information

Company

REPLIT

Location

San Francisco, California, United States

About

As the fastest-growing software development platform globally, Replit is home to over 22 million developers. Replit enables developers to quickly set up any development environment and release fully functional live apps in seconds, from anywhere on any device, with the power of AI.

FundzWatch™ Score

63
Medium Activity

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech