Replit ARR hit $100M, Openart hit $16M ARR with 10 people
Harvey ARR hit $75M
In the ever-evolving tide of technology, there are always a few companies that manage to stand out with their unique insights and disruptive innovations — and Replit is undoubtedly one of them. Starting as an online coding tool, Replit has achieved remarkable growth in just a few years, especially by leveraging the power of AI.
Two weeks ago, I shared an overview of ARR figures for major AI coding tools. At the time, 4 AI coding products had surpassed $100 million in ARR, and 3 had exceeded $50 million.
Now, another AI coding product has joined the $100M ARR club. Today, Replit officially announced that its ARR has surpassed $100 million. Even more impressively, it went from $10 million to $100 million ARR in just six months, making Replit one of the fastest-growing companies in the SaaS space.
According to Replit CEO Amjad Masad, the company had an ARR of just $10 million at the end of last year. By early this month, it had crossed the $100 million mark. He also mentioned that half of the money raised in 2023 remains unused — and they probably won’t need it.
I knew Replit was growing quickly, but I didn’t expect it to be this fast — and it all started after the launch of Replit Agent. In September last year, Replit launched Agent v1, which marked the beginning of its rapid ascent. After releasing Agent v2 in February this year, Replit began growing at a rate of over 50% month-over-month.
What sets Replit Agent apart from other AI coding tools is its full-stack, end-to-end development capability. From frontend construction, editing, and configuration, to backend logic, database setup, authentication, integration, and deployment — everything can be done on a single platform.
There’s no need to integrate third-party tools like Supabase, Vercel, or GitHub. The entire process, from development to launch, happens within Replit’s own ecosystem. Interestingly, Base44 — which generated $80 million in the past 6 months — follows a similar model.
Harvey ARR hit $75M
On the other hand, Harvey AI, developed by Counsel AI Corporation and widely known simply as “Harvey,” is now at $5B valuation.
The rapid adoption of Harvey has driven its annualized run-rate revenue (ARR) from $50 million early in 2025 to an impressive $75 million by April—an extraordinary 50% jump within months.
Expansion has been fueled by key strategic alliances—most notably with PwC—and direct sales to Fortune‑level corporate legal teams and top law firms across over 50 countries.
Behind this growth, Harvey has secured substantial funding. After a $300 million Series D round in February valuing it at $3 billion, the company is now raising over $300 million in a fresh round led by Kleiner Perkins and Coatue, maintaining a valuation of $5 billion—supported by continued investment from Sequoia, GV, the OpenAI Startup Fund, and others.
OpenArt's Ascent to $16M ARR with 10 people
OpenArt, an AI-powered art platform, has demonstrated a remarkable trajectory in the burgeoning generative AI market. The company, founded in 2022 by a team of former Google employees, has rapidly scaled its operations, evolving from a nascent AI image generator into a sophisticated visual storytelling platform.