News
Key Takeaways
- $250M funding secured. Replit raised $250 million in a round led by Prysm Capital, reaching a $3 billion valuation.
- Agent 3 launch. The company’s most autonomous AI software agent, built to extend runtime, self-test and automate workflows.
- Enterprise adoption. Designed for developers and non-technical staff to accelerate software creation and automate business processes.
On September 10, 2025, Replit announced a $250 million funding round, led by Prysm Capital, with participation from Amex Ventures and Google’s AI Futures Fund. The investment boosted Replit’s valuation to $3 billion.
This comes after major revenue growth, with the company jumping from $2.8 million to $150 million in less than a year.
Launch of Agent 3: Replit Expands Its AI Toolkit
Alongside the funding news, Replit introduced Agent 3, its latest autonomous AI coding tool.
According to company officials, Agent 3 significantly expands on earlier versions:
| Feature | Description |
|---|---|
| Extended Work Duration | Operates up to 200 minutes vs. 2–20 minutes in prior releases |
| Self-Testing | Navigates application interfaces to test itself periodically |
| Code Improvement | Identifies, fixes and optimizes code automatically |
| Workflow Automation | Builds custom agents and workflows for business tasks |
| Testing Efficiency | Uses proprietary testing system, reportedly 3x faster than alternatives |
“We were the first to make vibe-coding a reality for individuals with no prior coding experience across the world. With the raise and our new AI Agent, we are positioned to supercharge customer traction to become the standard for enterprises.”
- Amjad Masad
CEO and founder, Replit
Are AI Coding Agents the End of Traditional Programming?
Replit’s strategy reflects a wider industry shift toward AI coding agents.
- Founder Amjad Masad has predicted companies will soon operate without dedicated computer engineers, underscoring the disruptive potential.
- Competitors such as Google DeepMind’s AlphaEvolve and open-source frameworks like Meta’s LLaMA are reshaping how AI development tools evolve.
- Major funding rounds — such as OpenAI’s $6.6 billion raise at a $157 billion valuation — stress the pressure on startups like Replit to deliver results at scale.
The race to eliminate traditional coding roles through autonomous AI agents is intensifying.
“We invested in Replit because we believe its vibe-coding solutions have the power to transform how businesses build — by empowering non-technical employees with the tools to bring software products to life.”
- Kevin Weber
Vice President, Amex Ventures
Related Article: Vibe Coding Explained: Use Cases, Risks and Developer Guidance
Replit’s Origins: From Startup to AI Development Leader
Founded in 2016 in San Francisco, Replit provides a cloud-based integrated development environment (IDE) accessible through a browser.
Core Features:
- Supports multiple programming languages
- Write, run and deploy code directly in the cloud
- Ghostwriter, an AI-powered coding assistant for code generation and review
- Real-time collaboration for teams and classrooms
Market Position:
Replit serves developers, educators, coding bootcamps and startups, with its browser-first approach distinguishing it from traditional desktop IDEs.
