Replit has announced a $97.4 million financing round, which has brought the company’s valuation to $1.16 billion. 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 intends to use the fresh funding to innovate on its core development experience, expand its cloud services for developers, and drive innovation in AI and LLMs through Ghostwriter.
Replit, San Francisco, California, United States, was founded in 2016 by Amjad Masad and Haya Odeh. “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,” noted Replit founder and CEO Amjad Masad.