Replit snags $9B valuation 6 months after hitting $3B
Replit raised a new $400 million round and said it hopes to have $1B in ARR by year’s end.
Replit raised a new $400 million round and said it hopes to have $1B in ARR by year’s end.
The platform has attracted an eclectic user base. More than half of Fortune 500 companies are using Lovable to “supercharge creativity,” according to Osika, who insisted retention remains strong.
While AI coding startups like Cursor raise brow-raising rounds on barely three years of existence, Replit’s path to a $3 billion valuation has been anything but swift.
Replit’s annualized revenue has skyrocketed from $2.8 million to $150 million in less than a year, it said.
Replit is one of the breakout stars of the vibe coding world. This partnership is a good deal for both companies.