AI software developer Replit raises $250 million at $3 billion valuation

(Reuters) -AI software developer platform Replit on Wednesday said it has raised $250 million in a funding round that values the San Francisco-based company at $3 billion, as investors continue to back AI startups. Valuations for code-generation firms or "code-gen" startups have climbed as companies look to use AI to assist — and in some cases replace — human software engineers. Replit was valued at just over $1 billion in 2023 after it raised $97.4 million. The company said its annualized revenue rose t ...