Replit – the company behind the Ghostwriter developer platform, which is generative AI for software development – announced the close of its $97.4 million funding round at a $1.16 billion post-money valuation. And Replit plans to use the new funding round to innovate on its core development experience, expand its cloud services for developers, and drive innovation in AI and LLMs through Ghostwriter.
Andreessen Horowitz’s Growth Fund led the funding round. And others participating include Khosla Ventures, Coatue, SV Angel, Y Combinator, Bloomberg Beta, Naval Ravikant, ARK Ventures (Cathie Woods), and Hamilton Helmer (the author of 7 Powers. Previously-invested SAFEs converted in this round, including those of over 2,500 Replit community members in a Wefunder crowdfunding in 2022.
By continuously delivering improvements on its core developer experience, Replit grew to 22.5 million developers. And Replit innovations include:
— Cloud-based development environment in any programming language
— End-to-end mobile app for full-stack software development
— A multiplayer and collaborative experience that enables true pair programming
— Ghostwriter AI for software creation – AI code completion and AI chat with awareness of a software project’s files and context, speeding up developer productivity >30%
— Scalable and performant infrastructure that supports the full stack creation and deployment of software from the cloud
— Open platform that can deploy to any cloud, use the APIs of any LLM provider, and interoperates with any third-party services
Company Stats
— 22.5 million developers from 200+ countries
— 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
— 200,000 AI applications leveraging every major generative AI API
This announcement comes soon after of the company’s partnership with Google and Replit developers gain access to Google Cloud services, infrastructure, and foundation models, thus reducing the time from idea to live software on Replit.
KEY QUOTE:
“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.”
— Replit founder and CEO Amjad Masad
