AI coding start-up Replit raises $400M, triples valuation to $9B
What's the story
Replit, an AI platform for writing and sharing code in multiple programming languages, has raised $400 million in its latest funding round at a valuation of $9 billion. The investment was led by Georgian Partners and saw participation from G Squared, Prysm Capital, Coatue Management, Andreessen Horowitz, Craft Ventures, Y Combinator, and Accenture Ventures among others. The company previously secured a $3 billion valuation in September 2025 following a $250 million round.
Investor participation
Funding to help Replit expand into AI systems
Among the notable investors in this funding round were former NBA star Shaquille O'Neal and actor-musician Jared Leto. Replit's CEO Amjad Masad announced the news on social media platform X. He said, "This funding will help us scale our ambition and expand beyond coding into AI systems that center human creativity."
Strategic expansion
Plans to use new capital for product development
Replit plans to use the new capital to accelerate product development, enhance enterprise capabilities, expand integrations and advance agent-driven software creation. The company was founded in 2016 and has gained prominence with the rise of AI. It is now used by both beginners and professionals to quickly build, host and deploy software/websites/AI apps.
Market growth
Replit's user base has grown significantly in recent years
Masad revealed that Replit is investing heavily in global expansion, especially in Europe, Asia, and the Middle East. He also said that 85% of Fortune 500 companies are now using the platform. In less than a year, Replit's annual recurring revenue has skyrocketed from $2.8 million to $150 million, thanks to its global user base of 40 million. The company hopes to hit $1 billion in annual recurring revenue by the end of 2026.