Replit, a coding and AI platform, has raised $400 million in a funding round led by Georgian Partners, achieving a $9 billion valuation. The investment will accelerate product development, enterprise features, and a strategic expansion into AI systems focused on human creativity.
The company, now used by 85% of Fortune 500 companies, has seen explosive growth, with annual recurring revenue surging from $2.8 million to $150 million in under a year. Replit is targeting $1 billion in annual recurring revenue by the end of 2026 and is focusing on global expansion in Europe, Asia, and the Middle East, with India as its second-largest market by user count.
Main topics: Replit's funding and valuation; planned use of capital and expansion into AI; rapid business growth and metrics; global expansion strategy.
Vibe coding startup Replit has reached a new milestone, with its valuation touching $9 billion after it raised $400 million in funding. The round was led by returning investor Georgian Partners with participation from G Squared, Prysm Capital, Coatue, Andreessen Horowitz, Craft Ventures, Y Combinator, Accenture Ventures, Okta Ventures, and Databricks Ventures.
Founder and CEO Amjad Masad posted on social media platform X that the backers in the latest round included former basketball player Shaquille OâNeal and American actor and musician Jared Leto.
âThis funding will help us scale our ambition and expand beyond coding into AI systems that center human creativity,â Masad wrote.
The new capital will be used to speed up product development, deepen enterprise capabilities, expand integrations, and advance agent-driven software creation, the company said in a press release.
Founded in 2016 and propelled to relevance by the rise of AI, Replit is a platform for writing, running, and sharing code in numerous programming languages. It is used by beginners and pros to build, host, and deploy software, websites, and AI apps quickly.
Masad said that Replit is investing heavily in global expansion, particularly in Europe, Asia, and the Middle East. He added that the platform is now used by 85% of the Fortune 500 companiesâthe 500 largest US companies by revenue, as ranked by Fortune magazine.
This latest round follows a $250 million funding round in September that valued the startup at $3 billion. In under a year, Replitâs annual recurring revenue has jumped from $2.8 million to $150 million, supported by a global user base of 40 million, ET reported in November.
On Wednesday, the company told Forbes that it hopes to reach $1 billion in annual recurring revenue by the end of 2026.
According to financial operations platform Ramp, Replit ranks among the fastest-growing software platforms as of March 2026, with strong adoption by new customers.
Commenting on India, Masad recently described the country as a market of increasing significance, noting it is the companyâs second-largest by builder count.
Founder and CEO Amjad Masad posted on social media platform X that the backers in the latest round included former basketball player Shaquille OâNeal and American actor and musician Jared Leto.
âThis funding will help us scale our ambition and expand beyond coding into AI systems that center human creativity,â Masad wrote.
The new capital will be used to speed up product development, deepen enterprise capabilities, expand integrations, and advance agent-driven software creation, the company said in a press release.
Founded in 2016 and propelled to relevance by the rise of AI, Replit is a platform for writing, running, and sharing code in numerous programming languages. It is used by beginners and pros to build, host, and deploy software, websites, and AI apps quickly.
Masad said that Replit is investing heavily in global expansion, particularly in Europe, Asia, and the Middle East. He added that the platform is now used by 85% of the Fortune 500 companiesâthe 500 largest US companies by revenue, as ranked by Fortune magazine.
This latest round follows a $250 million funding round in September that valued the startup at $3 billion. In under a year, Replitâs annual recurring revenue has jumped from $2.8 million to $150 million, supported by a global user base of 40 million, ET reported in November.
On Wednesday, the company told Forbes that it hopes to reach $1 billion in annual recurring revenue by the end of 2026.
According to financial operations platform Ramp, Replit ranks among the fastest-growing software platforms as of March 2026, with strong adoption by new customers.
Commenting on India, Masad recently described the country as a market of increasing significance, noting it is the companyâs second-largest by builder count.
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