Development IDE platform Replit has raised a $97M Series B extension funding round, reaching a $1.1B valuation.
Andreessen Horowitz's Growth Fund led the round.
Replit is a browser-based IDE that enables developers to set up any development environment and release functional live apps in seconds.
- Khosla Ventures, Coatue, SV Angel, Y Combinator, Bloomberg Beta, Naval Ravikant, ARK Ventures, and Hamilton Helmer also participated in the funding round.
- The company aims to use this funding to invest in product development, expand its cloud services for developers, and boost its Ghostwriter platform.
- Ghostwriter is an AI pair programmer that helps developers to write code more efficiently.
- Since its inception in 2016, the company has raised over $200M.
- The company is based in San Francisco.
