Replit near $300M ARR Valued at $9B, Higgsfield Hit $200M ARR in Just 9 Months
In the AI era, there is no “fastest”—only faster
Lately, one feeling has been getting stronger and stronger: in the AI era, there is no “fastest”—only faster.
If I had to describe it with one word, it would simply be: speed.
Replit is raising $400M at a $9B valuation
Replit, which raised $250 million at a $3 billion valuation just last September, is reportedly already preparing a new funding round, according to Bloomberg.
The round could be as large as $400 million, with a valuation approaching $9 billion—nearly a 3× increase in just over three months.
At the time of its previous round, Replit disclosed that its ARR had grown more than 50× in under a year, reaching $150 million, alongside the launch of Agent 3.
According to Replit, Agent 3 is capable of handling tasks at a near-human level. For context:
Agent 1 could work for about 2 minutes
Agent 2 for around 20 minutes
Agent 3 can now run autonomously for up to 200 minutes
Even more striking, it operates at 3× the speed while costing 10× less. By the end of October, Replit announced that ARR had already surpassed $250 million, and projected that it would exceed $1 billion in ARR by the end of 2026.
This new round is expected to be led by Canadian growth-stage investor Georgian, though terms are still being finalized. Based on the valuation jump and what I’ve heard, Replit’s ARR is likely already approaching $300 million.
On the product side, Replit also announced today that developers can now build mobile apps directly on Replit, covering the entire workflow—from a single sentence description to publishing on the App Store.
Replit argues that, for years, mobile app development has required specialized knowledge, complex toolchains, and expensive hardware. If you weren’t an experienced mobile developer—or didn’t have one on your team—the path from idea to App Store often felt nearly impossible.
Now, with Replit, you don’t need any local development setup. You simply tell the Replit Agent what you want to build, iterate in chat, preview instantly on your phone, and publish when ready.
Because Replit has already built a full infrastructure stack, what you ship is a complete application, not just a frontend. You can directly integrate databases, authentication, and third-party services like OpenAI or Twilio into the app itself.
As everyone moves toward mobile, this will inevitably put pressure on AI coding tools that focus exclusively on app development.
Higgsfield hit $200M ARR in 9 months, $100M to $200M in only 2 months
Meanwhile, I thought ElevenLabs’ growth—going from $200 million to $330 million ARR in just five months—was already astonishingly fast. But today, Higgsfield managed to reset the benchmark once again.
Higgsfield announced that its ARR(Annual Run Rate) has surpassed $200 million in under nine months. Even more remarkably, it doubled from $100 million to $200 million ARR in just two months.
The company also completed a total $130 million Series A, led by Accel, at a valuation of $1.3 billion.
According to CEO Alex Mashrabov, Higgsfield now has more than 15 million users globally, generating roughly 4.5 million videos per day—the vast majority for paid, commercial use.
This signals a full shift toward the enterprise (B2B) market. Contrary to common assumptions, 75% of Higgsfield’s revenue comes from outside the United States.
I believe one key driver of Higgsfield’s breakout growth was the invention of a new product paradigm: Click-to-Video. But several other strategies are equally worth noting.
From Creator Tool to Marketing Infrastructure
CEO Mashrabov explained that Higgsfield’s growth reflects a structural shift in how marketing videos are produced.
