In an industry-defining move, Replit a browser-based IDE for cross-platform collaborative coding recently announced that it has raised an $80M Series B led by Coatue at an $800M valuation.
This new funding round signals a major step forward for the company and its mission to help bring the world’s next billion software creators online.
What is Replit?
Additionally, Replit can be run entirely within a browser window or used as part of Atom or Visual Studio Code.
Why This Matters: Building The Future Of Development
With this new funding round, Replit is positioned to expand its reach and further strengthen its user base as it continues its mission to make coding more accessible and enjoyable. By offering comprehensive programming tools and resources, they are enabling developers at any level of experience to take their skill set to the next level while bringing millions more into the field of computer science.
Coatue’s Investment in Replit
The investment from Coatue demonstrates its commitment to helping innovative startups succeed. With this new influx of capital, Replit will be able to expand its platform and continue building towards a future where coding is available for everyone regardless of background or experience level.
What’s Next for Replit?
Looking ahead, Replit plans to invest heavily in developing its infrastructure and nurturing community growth so that it can become an essential resource for any aspiring coder looking for a modern development environment.
They plan on leveraging this new capital injection not only to extend the capabilities of their platform but also to build better pathways into the world of coding so that anyone can become involved in software development regardless of skill level or resources available.
Replit, a browser-based IDE for cross-platform collaborative coding, says it has raised an $80M Series B led by Coatue at an $800M valuation (Packy McCormick/Not Boring).