Replit said on Wednesday it has raised $250 million in a funding round that values the San Francisco-based company at $3 billion, as investors continue to back AI startups that help people write code.
In the crowded field of code-gen startups, Replit said its product is differentiated because it builds vibe-coding tools for non-technical users in enterprises. Cognition, another startup focusing on building AI coders, raised over $400 million at a $10.2 billion valuation earlier this week.
"There's a lot of competition for software engineers, but we're seeing that people who are able to use Replit are from every part of the enterprise, from sales, HR, to operations, and that has helped them with product development cycles," said Replit CEO Amjad Masad.
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