Replicate
Run open-source AI models via API. Cog is the de facto container standard for ML models. Acquired by Cloudflare in Dec 2025
PRIVATESan Francisco, CA~40Founded 2019~$58M (acquired by Cloudflare Dec 2025) raisedAcquired by Cloudflare (Dec 2025) valuationreplicate.com
SectorsAI Software
Market Metrics
Status
Acquired by Cloudflare (Dec 2025)
now part of Cloudflare's developer / Workers AI platform
Revenue (2024)
~$5.3M
open-source-model API and hosting
Hosted Open-Source Models
5,000+ models
Image, video, audio, LLM; canonical hosted-API for the open-source AI model long tail
Cog Open-Source Standard
v1.0 (Q1 2025)
De facto container format for ML models; adopted across the ecosystem beyond Replicate itself
Updated at 2026-Q1
Funding History
Total raised: ~$58M (acquired by Cloudflare Dec 2025) · Latest valuation: Acquired by Cloudflare (Dec 2025)
| Round | Date | Amount | Valuation | Key Investors |
|---|---|---|---|---|
| Seed | Sep 2020 | $2.5M | - | Y CombinatorAndreessen Horowitz |
| Series A | Dec 2022 | $17.8M | $350M | Andreessen Horowitz (lead)Y Combinator |
| Series B | Dec 2023 | $40M | - | Andreessen Horowitz (lead)Sequoia CapitalY CombinatorSound Ventures |
| Acquisition | Dec 2025 | Acquired by Cloudflare | - | Cloudflare (terms undisclosed) |
Updated at 2026-Q1
Product Specifications
| Product | Type | Status |
|---|---|---|
| Replicate Run API | Hosted API for 5,000+ open-source models (image, video, audio, LLM) | GA (now part of Cloudflare) |
| Cog | Open-source containerization tool for ML models | Open-source (Apache 2.0) |
| Replicate Deployments | Dedicated GPU instances for production workloads | GA |
| Replicate Fine-tuning | Custom model adaptation on user data | GA |
| Replicate Pricing API | Per-second billing across image / video / audio / text models | GA |
Updated at 2026-Q1
Partnerships & Investors
CloudflareParent (Acquirer)
Acquired Replicate in Dec 2025; integrates open-source model hosting into Cloudflare's Workers AI / developer platform.
Black Forest Labs (FLUX)Anchor Model Partner
FLUX model family is hosted prominently on Replicate; major source of platform run volume in 2024-2025.
Stability AI (historic)Anchor Model Partner
Stable Diffusion historical home; one of the largest sources of early Replicate volume.
Buzzfeed + Character.ai (early)Early Anchor Customers
First high-traffic consumer applications standardized on Replicate.
Andreessen HorowitzLead Investor (pre-acquisition)
Series A + B lead investor; deep AI-infrastructure thesis.
Updated at 2026-Q1
Key Milestones
2019
Company Founded
Ben Firshman (former Docker; created docker-compose) and Andreas Jansson (Spotify ML) launch Replicate
2020
Cog Open-Sourced
Cog containerization tool for ML models released; becomes the de facto standard format for shipping AI models
2022
Stable Diffusion Goes Viral
Replicate becomes the canonical hosted endpoint for Stable Diffusion variants; 5K+ community models indexed
Dec 2022
Series A at ~$350M
Andreessen Horowitz leads $17.8M; positions Replicate as 'GitHub for AI models'
Dec 2023
Series B at $40M
a16z + Sequoia co-lead; pace of new model releases accelerates with Llama 2 + open-source LLM boom
2024
FLUX Anchor Hosting
Replicate the canonical place to run FLUX (Black Forest Labs) image models
Q1 2025
Cog v1.0
Cog reaches v1.0; multi-GPU + custom-tensor-format support; cements its role as the open-source containerization standard
Dec 2025
Acquired by Cloudflare
Cloudflare acquires Replicate, folding open-source model hosting into its Workers AI / developer platform
Updated at 2026-Q1