Replit hits $3B valuation on $150M annualized revenue

Replit, a popular online platform for coding and collaboration, has recently achieved a valuation of $3 billion. This significant milestone comes as the company reports an annualized revenue of $150 million. Unlike many other fast-growing tech startups, Replit has not been actively seeking venture capital funding every few months. This approach sets it apart from the industry norm, where companies often rely on constant fundraising to fuel their growth. The article suggests that it remains to be seen whether Replit will maintain this strategy or if they will eventually join the trend of frequent VC rounds. The company's ability to achieve a $3 billion valuation and substantial revenue without the need for constant external financing is a testament to its sustainable business model and strong market position. The article provides a concise overview of Replit's recent success, highlighting the company's unique approach to growth and financing compared to its peers in the tech industry.