Replit, the world's fastest-growing developer platform, has recently announced the completion of a $97.4 million financing round, bringing its post-money valuation to $1.16 billion. The company plans to use the new funds to enhance its core development experience, expand its cloud services for developers, and drive innovation in AI and LLMs through Ghostwriter, its generative AI for software development.
The financing 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, and Hamilton Helmer. The round also included previously-invested SAFEs that were converted, including those of over 2,500 Replit community members in a Wefunder crowdfunding in 2022.
Replit's founder and CEO, Amjad Masad, expressed his excitement about the company's mission to empower a billion software developers. He also mentioned the importance of AI in achieving this goal and the company's commitment to expanding its offerings for professional developers.
Replit has continuously delivered improvements to its core developer experience, which has helped it grow to 22.5 million developers from 200+ countries. Replit's innovations include a cloud-based development environment in any programming language, an end-to-end mobile app for full-stack software development, a multiplayer, collaborative experience that enables true pair programming, and Ghostwriter AI for software creation. Ghostwriter AI offers AI code completion and AI chat with awareness of a software project’s files and context, speeding up developer productivity by over 30%.
Replit also provides scalable, performant infrastructure that supports the full stack creation and deployment of software from the cloud. It is an open platform that can deploy to any cloud, use the APIs of any LLM provider, and interoperates with any third-party services.
Replit's statistics are impressive, with 235 million projects created, 25 billion monthly external visits to apps and sites hosted on Replit, 1 million containers running concurrently, 3 million/second of sustained read/write disk operations, 10TB of packages cached, and 200,000 AI applications leveraging every major generative AI API.
Replit's recent partnership with Google has also given its developers access to Google Cloud services, infrastructure, and foundation models, reducing the time from idea to live software on Replit.
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