Replit raises $97.4M at $1.16B valuation for AI development

Replit has secured $97.4 million in a funding round that values the company at $1.16 billion. The funds will be used to enhance its cloud development environment, expand cloud services for developers, and further develop its AI coding assistant, Ghostwriter. The company has seen significant growth, reaching 22.5 million developers and facilitating the creation of 235 million projects. AI

IMPACT Accelerates development of AI coding assistants and cloud infrastructure for developers.

RANK_REASON Significant funding round for a major developer platform. [lever_c_demoted from significant: ic=1 ai=0.7]

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• Amjad Masad
• Andreessen Horowitz
• ARK Ventures
• Bloomberg Beta
• Cathie Woods
• Coatue
• Ghostwriter
• Google
• Hamilton Helmer
• Khosla Ventures
• Naval Ravikant
• Replit
• SV Angel
• Y Combinator

• funding
• product
• infra

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