Replit Raises $97.4M at $1.16B Valuation to Accelerate AI Development and Boost Cloud Services for Developers

Replit has raised $97.4 million in its latest funding round led by Andreessen Horowitz's Growth Fund, with participation from Coatue, Khosla Ventures, and others, to further its lead in AI development and cloud services for developers. The company plans to innovate its core development experience, expand its cloud services, and continue to drive AI and LLMs through Ghostwriter. Replit is home to over 22 million developers globally and has created more than 235 million projects. The company's innovations include multiplayer, collaborative experience, cloud-based development, and Ghostwriter AI for software creation.