Replit, the fastest-growing agentic AI software creation platform, today announced a $250 million round, valuing the company at $3 billion, an almost 3x valuation increase since its last raise in 2023. The funding comes on the heels of Replit growing annualized revenue from $2.8 million to $150 million in less than a year, a more than 50x increase, driven by a global community of more than 40 million users. Prysm Capital leads the round which includes Amex Ventures and Google’s AI Futures Fund as strategic investors. YC, Craft, a16z, Coatue, Paul Graham, and others are deepening their investments.
Building on this customer momentum, Replit launched Agent 3 today, its most autonomous agent to date. These advances mark a shift from a helpful assistant agent to a true collaborator. Agent 3 is ten times more autonomous than previous versions, with the ability to test and fix code, and to build custom agents and workflows that can automate complex or repetitive tasks for any type of work, not just software engineering.
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In addition to the new investment, Replit announced that its products are now available to global customers through the Google Cloud Marketplace.
The new funds will be used for scaling operations, accelerated product development, and global expansion as Replit builds out a new way to work in the era of AI.
Replit was started with the vision that anyone can create software. By breaking down the barriers between an idea and a finished product, Replit empowers individuals, teams, and enterprises to innovate faster and take on greater scope.
Agent 3 is a breakthrough in autonomous software development.
- Agent 3 is a breakthrough in autonomous software development, where it can bring ideas to life with minimal user interaction.
- Agent 3 is the first agent on the market that can work like a true teammate. Agent 1 could only work for 2 minutes, while Agent 2 worked for up to 20 minutes, and now Agent 3 can work for up to 200 minutes, tackling human-level tasks.
- Agent 3 can test and fix its code, constantly improving a user’s application behind the scenes. Replit’s proprietary testing system is up to 3x faster and 10x cheaper compared to computer-use models.
- Agent 3 feels like a real developer, where it will periodically decide to test itself. Users will be able to see the agent’s browser as it clicks around the app, checking buttons, forms, APIs, data sources etc — confirming every part of an app works as intended.
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