Investors continue to pump money into generative AI tech. Case in point, Replit, an IDE startup developing a code-generating AI-powered tool called Ghostwriter, this week raised nearly $100 million ($97.4 million) at a $1.16 billion post-money valuation.
Andreessen Horowitz led the round — a Series B extension — with participation from Khosla Ventures, Coatue, SV Angel, Y Combinator, Bloomberg Beta, Naval Ravikant, ARK Ventures and Hamilton Helmer.
“We are relentless in our mission to empower a billion software developers,” Replit founder and CEO Amjad Masad said in a statement, adding that the new funds — which bring Replit’s total raised to over $200 million — will be put toward fur...
