Replit Hits $3b Valuation On $150 Million Annualized Revenue

Replit has raised a $250 cardinal round, valuing nan institution astatine $3 billion. Unlike different fast-growing vibe coders, Replit has not been moving to VCs each fewer months, though we’ll spot if that changes. Its past raise was successful 2023 erstwhile it raised astir $100 cardinal that valued nan institution astatine $1.16 cardinal post-money. Replit has now raised a full of astir $478 million, PitchBook estimates.

The company, founded successful 2016 by programmers Amjad Masad (pictured), Faris Masad, and designer Haya Odeh, says it’s been increasing quickly arsenic of late. Annualized gross has skyrocketed from $2.8 million to $150 million in little than a year, it said. That compares to $100 cardinal ARR successful June, Masad tweeted astatine nan time.

Prysm Capital led nan round, pinch information from Amex Ventures and Google’s AI Futures Fund. Previous investors Y Combinator, David Sacks’ Craft, Andreessen Horowitz, Coatue, Paul Graham, and others besides sounded in.

Google’s engagement isn’t surprising. Replit has been a adjacent partner pinch Google Cloud; nan vibe coded apps built pinch it are often hosted connected Google. However, Replit has go specified a celebrated instrumentality of precocious that Microsoft started offering Replit arsenic an action connected Azure successful July, too.