The new funding will be used to further Replit’s global expansion in Europe, Asia and the Middle East, as well as for future product development and infrastructure capacity.
Replit, a ‘vibe-coding’ start-up, has announced a funding milestone after raising $400m in a Series D round to stand at a $9bn valuation. The investment was led by Georgian, with participation from Prysm Capital, 1789 Capital, YC, Coatue, a16z, Craft Ventures and Qatar Investment Authority.
The round also included strategic investments from Accenture Ventures, Databricks Ventures, Okta Ventures and Tether, as well as some well-known public figures such as former basketball player Shaquille O’Neal, and actor and musician Jared Leto.
Established in 2016 by Amjad Masad and headquartered in California, Replit is a platform that enables the user to create an app without the need for coding skills.
The funds raised will be put towards Replit’s plans for global expansion in Europe, Asia and the Middle East, as well as towards future product development and improving infrastructure capacity.
Commenting on the announcement, Masad, who is also the organisation’s CEO, said in a blogpost on the company’s website: “Fundamentally, we believe the future of technology is deeply human. As software adapts to people, billions will be able to turn their ideas into reality without needing to understand or be restricted by the machinery underneath.
“AI will unlock human creativity, kicking open a world where far more people can build, experiment and create than ever before. This vision is fast becoming reality – and we are about to accelerate faster than ever. Replit has raised $400m, valuing the company at $9bn, a three-times increase in just six months, reflecting the strength of our business and growth still to come.”
The post also announced the launch of Agent 4, described as the platform’s “most powerful agent yet, designed to put human creativity back at the centre of the building process”. It will supposedly enable users to design freely, ship anything, build together and move faster.
Masad said: “With the new funding and the launch of Agent 4, I’ve never been more energised about the momentum and rate of change happening at Replit.
“Humans and agents working together will create a future where anyone anywhere can turn an idea into something real – when you expand who gets to build, you expand what gets built. We’re still early in this new human-AI era with so much further to go.”
In October of last year, SiliconRepublic.com spoke with Sara Fikrat, the CPO of health-tech company Semble, about how vibe-coding can be an innovative tool in a range of sectors, with the potential to be a democratising force for industry professionals.
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