Replit, the fastest-growing agentic AI software creation platform, announced a $250 million round, valuing the company at $3 billion, an almost 3x valuation increase since its last raise in 2023. The funding comes on the heels of Replit growing annualized revenue from $2.8 million to $150 million in less than a year, a more than 50x increase, driven by a global community of more than 40 million users.

Prysm Capital leads the round which includes Amex Ventures and Google's AI Futures Fund as strategic investors. YC, Craft, a16z, Coatue, Paul Graham, and others are deepening their investments.