Replit, a San Francisco, CA-based developer platform and creator of Ghostwriter, the generative AI for software development, announced that it closed a $97.4 million financing round at a $1.16 billion post-money valuation.
The round was led by Andreessen Horowitz's Growth Fund, with participation from Khosla Ventures, Coatue, SV Angel, Y Combinator, Bloomberg Beta, Naval Ravikant, ARK Ventures (Cathie Woods), and Hamilton Helmer, the author of ground-breaking “7 Powers.”
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.
Replit founder and CEO Amjad Masad says, "We are relentless in our mission to empower a billion software developers. AI has already brought that future closer. We look forward to expanding our offerings for professional developers."
Company: Replit, Inc.
Raised: $97.4M
Round: Unknown
Funding Month: April 2023
Lead Investors: Andreessen Horowitz's Growth Fund
Additional Investors: Khosla Ventures, Coatue, SV Angel, Y Combinator, Bloomberg Beta, Naval Ravikant, ARK Ventures, and Hamilton Helmer
Company Website: https://replit.com/
Software Category: Programming and Developer Software
About the Company: Founded in 2016 by Amjad Masad, Faris Masad, and designer Haya Odeh, Replit is a browser-based coding platform that builds tools and software for educators and developers to create coding projects such as apps and websites. 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. Over 22.5 million developers from more than 200 countries have created over 235 million projects on Replit. The company's mission to empower a billion software developers is one step closer.
Source: https://www.prnewswire.com/news-releases/cloud-developer-platform-replit-raises-97-4m-at-1-16b-valuation-to-further-its-lead-in-ai-development-and-continue-its-exponential-growth-301807085.html?tc=eml_cleartime