Replit, a San Francisco, CA-based developer platform provider and creator of Ghostwriter, the generative AI for software development, raised $97.4M in Series B extension funding, at $1.16 Billion valuation.
The round was led by Andreessen Horowitz’s Growth Fund. Backers included Khosla Ventures, Coatue, SV Angel, Y Combinator, Bloomberg Beta, Naval Ravikant, ARK Ventures (Cathie Woods), and Hamilton Helmer.
The company intends to use the funds to innovate on its core development experience, expand its cloud services for developers, and drive innovation in AI and LLMs through Ghostwriter.
Led by Founder and CEO Amjad Masad, Replit enables developers to set up any development environment and release functional live apps in seconds, from device, with AI. Its innovations include:
- Cloud-based development environment in any programming language
- End-to-end mobile app for full-stack software development
- A multiplayer, 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, 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
FinSMEs
26/05/2023