New funds to help in AI-powered coding push

Founded by Amjad Masad in 2016, Replit lets anyone, from beginners to pros, write, run, and share code right from their browser.
The new funds will help them roll out more features for teams and enterprises, build integrations with other tools, and push into AI-powered coding.

Replit's rapid growth and ambitious revenue targets

Replit now serves tens of millions of users worldwide and is used by 85% of Fortune 500 companies.
Its annual recurring revenue was reported to be about $150 million.
The company is aiming for a cool $1 billion in revenue by the end of 2026, making it one of the fastest-growing software platforms out there right now.