Replit raised $400 million at a $9 billion valuation in March 2025, triple its valuation from six months prior, and is projecting $1 billion in annual recurring revenue by end of year. That number was $2.8 million for all of 2024. CEO Amjad Masad, who sold internet cafe software as a teenager in Amman and later ran JavaScript infrastructure at Facebook, now runs a platform used by more than 50 million people, including 85 percent of the Fortune 500.
The more important story is what Replit is doing internally. The company published data showing its engineers nearly tripled individual code output in six months while maintaining quality, by embedding agents throughout its workflow. Masad calls this the 'self-driving company': engineers who only review code before deployment, an internal bot serving as 'the brain of the company,' and a CEO he describes as 'a glorified router' whose routing functions should be automated away. Replit has also started canceling its own software contracts, replacing third-party analytics vendors with tools its own employees built. The interview gets into exactly how that workflow is structured, which is worth reading in full.
Masad's predictions cut against his own business model. He told Platformer that within three years, people will use fewer apps and more agents, with those agents transacting with other software directly. That makes the app itself, the thing Replit exists to help you build, an intermediate step agents will increasingly skip. He also gave one of the more direct CEO answers on job losses in this reporting series: 'Companies will get smaller, and they will do layoffs, 100 percent sure.' He paired that with a specific critique of government inaction on worker retraining, calling it 'cruel' to tell 50-year-olds to start over.
[READ ORIGINAL →]