Prysm, A16Z, Amex Ventures, Coatue and YC take part in the financing round; Entry to the AI Future Fund from Google; Announcement of a new autonomous agent for companies
Replit, the fastest growing platform for the creation of agent-based AI software, today announced a funding round of $ 250 million, which will evaluate the company with $ 3 billion. This corresponds to an almost 3-fold increase in the assessment since the last finance round in 2023. The financing is carried out immediately after replica has increased its annual turnover in less than a year from $ 2.8 million to $ 150 million, which corresponds to an increase by more than 50 times and is supported by a global community with more than 40 million users. Prysm Capital heads the financing round in which Amex Ventures and the AI Futures Fund from Google are involved as strategic investors. YC, Craft, A16Z, Coatue, Paul Graham and others increase their investments.
Developers from various industries use Replit to create applications, including teams at Zillow, Duolingo and Coinbase. Building on this customer dynamic, Replit has introduced Agent 3 today, its most autonomous agent. This progress marks a change from helpful assistant to a real employee. Agent 3 is 10 times autonomous than earlier versions and has the ability to test and correct code as well as to create custom agents and workflows that can automate complex or repeating tasks for any kind of work, not just for software development.
“We were the first to make vibe coding available for people without prior programming experience worldwide,” said Amjad Masad, managing director and founder of Replit. “With the capital increase and our new AI agent, we are able to accelerate customer acquisition and become the standard for companies. The future is promising, since millions – if not billions – can realize their ideas with just a few clicks.”
“The vision of Replit-to give everyone the opportunity to develop something-has addressed us very much. Popularity for individuals, teams and companies has made Replit for the leading agent-based AI platform for the development of tailor-made software, agents and workflows,” said Jay Park, managing director and co-founder of Prysm Capital. “We are very happy to support the replit team in the next phase of its development.”
In addition to the new investment, Replit announced that its products are now available for customers worldwide via the Google Cloud Marketplace.
“Replit shows what is possible with AI agents,” said Jonathan Silber, director of the AI Futures Fund on Google. “We look forward to developing agents with Gemini in cooperation with you who will advance the company and that software developers will continue to offer the advantages of Gemini.”
The new funds are used for scaling the company, accelerated product development and global expansion, while Replit is developing a new way of working in the age of AI.
“We have invested in Replit because we are convinced that his vibe coding solutions have the potential to change the way companies develop-by giving employees to life without a technical background to bring software products to life,” said Kevin Weber, Vice President of AMEX Ventures. “We are excited to see how Replit’s technology can accelerate product development for companies of all sizes and drive the growth of the company.”
Replit was founded with the vision that any software can create. By overcoming the obstacles between an idea and a finished product, Replit enables individuals, teams and companies to be more innovative and to address greater challenges.
Agent 3 is a breakthrough in autonomous software development.
- Agent 3 is a breakthrough in autonomous software development because it can bring ideas with minimal user interaction to life.
- Agent 3 is the first agent on the market that can work like a real teammate. Agent 1 was only able to work for 2 minutes, while Agent worked for 2 up to 20 minutes. Agent 3 can now work for up to 200 minutes and manage tasks at a human level.
- Agent 3 can test and correct its code and continuously improve the use of a user in the background. The Proprietary Replit test system is up to three times faster and 10 times cheaper than models that use computers.
- Agent 3 behaves like a real developer who decides to test himself at regular intervals. Users will be able to see the agent’s browser while navigating through the application, checking buttons, forms, APIs, data sources, etc. – it can be ensured that all parts of an application function as intended.
Test the Replit Agent 3 hier.
Information on replit
Replit is an agent -based software development platform that enables everyone to create applications using natural language. With millions of users worldwide and over 500,000 professional users, Replit democratizes software development by eliminating traditional obstacles in the application creation. The company’s headquarters are located in San Francisco.