Replit Secures $250 Million Funding to Expand Its AI Development Platform

Replit Secures a Noteworthy $250 Million Investment

In a groundbreaking announcement on September 10, 2025, Replit, the rapidly growing platform for agentic AI software creation, revealed that it has successfully closed a significant funding round of $250 million, elevating its company valuation to an impressive $3 billion. This achievement marks a nearly threefold increase since its last funding round in 2023. This surge is fueled by a remarkable escalation in annualized revenue, growing exponentially from $2.8 million to a staggering $150 million in just under a year. This increase is attributed primarily to its rapidly expanding global user community, which now boasts over 40 million users.

Leading this funding round is Prysm Capital, accompanied by notable investors such as Amex Ventures and Google's AI Futures Fund, ensuring that their investment strategy is backed by some of the industry's most reputable names. Additionally, other prominent backers including YC, Craft, a16z, and Coatue have also deepened their investments in Replit.

As Replit builds upon this customer momentum, it has additionally introduced its latest innovation, Agent 3. This release represents the company's most autonomous agent to date, boasting capabilities that are ten times more advanced compared to its predecessors. Agent 3 can autonomously test and fix code and construct custom agents and workflows that facilitate the automation of complex or repetitive tasks across various industries—not solely within the software engineering sphere.

Amjad Masad, Replit's CEO and founder, expressed his excitement regarding the new funding and the launch of Agent 3. He stated, "We were the first to make vibe-coding a reality for individuals with no prior coding experience across the world. With this new funding and our enhanced AI Agent, we expect to gain significant traction, establishing our position as the standard for enterprises working with software creation. The future is exceedingly bright as we empower millions—if not billions—of people to realize their ideas with just a few clicks."

Echoing this sentiment, Jay Park, managing partner and co-founder of Prysm Capital, commented on Replit's compelling vision: "Replit's mission—empowering everyone to build—deeply resonates with us. The remarkable traction among individuals, teams, and larger enterprises positions Replit as the leading platform in agentic AI and custom software creation. We are eager to assist the Replit team as they embark on this exciting new chapter."

Beyond this new investment round, Replit also announced its products will now be accessible to global users via the Google Cloud Marketplace. Jonathan Silber, director of Google's AI Futures Fund, reinforced this partnership's potential by noting, "Replit is showcasing what's achievable with AI agents. We are enthusiastic about collaborating with them to develop agents powered by Gemini that will significantly benefit the enterprise and enhance the experience for software developers."

The capital raised will primarily be directed towards scaling operations, accelerating product development, and expanding globally, as Replit champions a new paradigm of work in the age of AI. Kevin Weber, vice president at Amex Ventures, remarked, "We invested in Replit because we view its vibe-coding solutions as transformative, allowing businesses to empower non-technical employees with the tools necessary to bring software products to fruition. We eagerly anticipate how Replit's innovative technology will expedite product development for businesses of all scales and contribute to the company's sustained growth."

Replit's inception was founded on the belief that software creation should be accessible to anyone. By dismantling the barriers that typically hinder the transition from idea to finished product, Replit enables individuals, teams, and enterprises to innovate more rapidly and address a broader scope of projects. Agents like Agent 3 represent a progressive leap in autonomous software development, significantly reducing the necessity for user intervention while bringing concepts to life.

With a functionality that allows it to operate for up to 200 minutes—considerable compared to Agent 1's 2 minutes and Agent 2’s 20 minutes—Agent 3 can tackle complex human-level tasks. This new agent's ability to independently test and rectify its code while continuously refining a user's application underscores Replit’s commitment to advancing the efficacy of software development. It utilizes a proprietary testing system that is not only three times faster but also ten times more cost-effective than traditional computing methods.

Users will experience Agent 3 as if they were collaborating with an actual developer, as it autonomously decides moments to self-test. The agent meticulously navigates through the application it assists, confirming through user-viewable interactions that every element—including buttons, forms, APIs, and data sources—functions as intended.

For those interested in exploring Replit's Agent 3 and its capabilities, a hands-on trial is readily available, promising users an informative glimpse into future software development mechanics. Replit stands at the forefront of democratizing technology, empowering people of all backgrounds to explore their creative potentials in today’s increasingly digital world.