Replit said on Tuesday it has raised US$97.4 million in a recent financing round that valued the cloud developer platform at more than US$1 billion. The series B fund-raise which was led by Andreessen Horowitz, also included Cathie Woods' ARK Ventures and SV Angel among others. The funding unders
Replit said on Tuesday it has raised US$97.4 million in a recent financing round that valued the cloud developer platform at more than US$1 billion.
The series B fund-raise which was led by Andreessen Horowitz, also included Cathie Woods' ARK Ventures and SV Angel among others. The funding underscores a growing affinity for companies to tap private investors at a time turbulent markets and a risk-off sentiment have throttled the appetite for public listings.
Earlier this month, LayerZero Labs raised US$120 million that tripled the valuation of the blockchain messaging protocol platform to US$3 billion. San Francisco-based Replit said it will use the new funds to innovate on its core development experience and expand its cloud services for developers.
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