One employee … one billion-dollar company. That wasn't possible before.
in an interview with CNBC's Julia Boorstin
Founders: Amjad Masad (CEO), Haya Odeh Launched: 2016 Headquarters: Foster City, California Funding: $880 million Valuation: $9 billion Key Technologies: Explainable AI, generative AI, low code/no ...
CNBC“This one-size-fits-all SaaS software … a lot of people are really tired and kind of frustrated with it, because they keep the data in siloes and people just want to customize.”
“Unlike Cursor, which he said has been operating at negative 23% gross margins, he argued Replit has the economics to make that path viable — even if he stopped short of ruling out a sale…”
“We integrated with Stripe a few months ago, and the transactions flowing through Replit are growing triple digits month over month.”
“There has never been a trillion-dollar revenue business, and we may have two of them in the next 5-10 years.”
“has emerged as a significant business with a revenue run rate in the tens of billions of dollars and is now profitable in its own right”
“We’re going to invest to continue being the leader. We can fund this plan, and I think it will forever change the size of Amazon. It will forever change our revenue.”