Replit, a coding platform founded in 2016, has recently reached a $3 billion valuation after securing a $250 million funding round led by Prysm Capital. CEO Amjad Masad, who has been dedicated to making programming accessible since 2009, faced numerous challenges, including stagnant revenue and a significant workforce reduction. However, the launch of Replit Agent, an innovative AI tool, marked a turning point, enabling the company to pivot from targeting professional developers to focusing on non-technical users. This strategic shift has resulted in unprecedented revenue growth, skyrocketing from $2.8 million to $150 million in annualized revenue. Despite facing competition from major AI labs, Replit's unique approach and strong financial backing position it well for future growth.