Overview

• Prysm Capital led the financing with participation from Google’s AI Futures Fund and Amex Ventures, while a16z and Coatue increased their stakes.
• The company reports annualized revenue jumping from $2.8 million to $150 million in less than a year.
• Replit launched Agent 3, an autonomous tool that can test and fix code and build custom agents and workflows.
• Replit deepened ties with major clouds, maintaining a close partnership with Google Cloud and becoming available on Microsoft Azure in July.
• Investor interest reflects rising valuations for code-generation startups, with peers like Cursor recently raising $900 million at a $10 billion valuation.