AI-powered coding platform Replit has raised $250 million in Series C funding, boosting its valuation to almost $3 billion. The round was led by Prysm Capital and saw participation from Amex Ventures, Google’s AI Futures Fund, and existing investors including Y Combinator, Andreessen Horowitz, Craft Ventures, Coatue Management, and Paul Graham. The funding underscores growing investor confidence in startups revolutionizing how software is built with AI.
Replit’s meteoric growth has been one of the most notable success stories in developer tools. With a user base of 40 million developers and annual revenue soaring from $2.8 million to $150 million in a single year, the company has established itself as a pioneer in what it calls “vibe coding.” The platform enables both newcomers and experienced developers to code, collaborate, test, and deploy without leaving the application — a key differentiator in a competitive space that includes rivals like Anysphere’s Cursor, Sweden-based Lovable, and the $10 billion-valued Cognition.
Founder and CEO Amjad Masad emphasized Replit’s unique positioning, saying: “It’s the only place where you can really come in with only an idea, and you don’t have to leave our platform to be able to build.” He added that even professionals outside of engineering, such as product designers, use Replit to prototype and validate ideas rapidly, helping teams gather early feedback.
The platform’s momentum is also visible in the enterprise segment, with prominent customers like Zillow and Duolingo adopting its solutions. Replit’s latest strategic move includes its listing on the Google Cloud Marketplace, which will make it easier for enterprise customers already working on Google Cloud to access and deploy Replit’s services.
This milestone further solidifies Replit’s position as a central player in the AI-driven software creation space. The infusion of fresh capital will likely be used to scale its platform capabilities, grow its enterprise footprint, and stay ahead in an increasingly competitive market where AI-powered coding assistants are becoming the norm.
