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- Replit raised $400 million in a Series D funding round, valuing the company at $9 billion.
- The platform now serves more than 50 million users and is used by companies across the Fortune 500.
- The funding will support AI development tools and expansion across Europe, Asia, and the Middle East.
Replit, the AI-powered software development platform, announced it has raised $400 million in a Series D funding round led by Georgian. The round included investors such as G Squared, Prysm Capital, 1789 Capital, Y Combinator, Coatue, Andreessen Horowitz, Craft Ventures, and Qatar Investment Authority.
Strategic investors also participated in the round, including Accenture Ventures, Databricks Ventures, Okta Ventures, and Tether. Individual investors such as Shaquille O’Neal and Jared Leto were also part of the financing. The new funding values Replit at $9 billion.
Founded in 2016, Replit was created with the goal of making software development accessible to everyone. The platform enables users to turn ideas into working applications without needing to master traditional coding languages or complex programming systems.
The company said the new capital will support continued investment in its AI-powered development tools, global expansion into Europe, Asia, and the Middle East, and the infrastructure required to meet the growing demand for its platform.
Replit reported that more than 50 million users are currently building applications on the platform, ranging from school projects and internal tools to full customer-facing software products.
Employees at companies including Atlassian, LabCorp, PayPal, Zillow, Talkdesk, and Adobe use Replit to build prototypes and internal applications. The company also stated that users from 85% of Fortune 500 companies are developing applications on the platform.
One enterprise example highlighted by the company is UKG, a human capital management platform with more than 16,000 employees. UKG uses Replit across its organization for rapid prototyping, product development, and internal tools. According to the company, Replit enabled teams to develop functional AI prototypes in days rather than weeks and increased its ability to gather product-led feedback by 400% before engineering resources are committed.
Replit has also expanded partnerships with companies such as Google, Microsoft, Slack, Stripe, and Databricks. These integrations allow users to move from prototypes to production-ready applications while connecting with existing enterprise systems.
Alongside the funding announcement, the company introduced Agent 4, the latest version of its AI development agent. Replit said the new version is ten times faster than its predecessor, Agent 3, and is designed to automate many development tasks while allowing users to focus on creative decision-making.
Agent 4 enables users to design applications in real time, manage team workflows, and run multiple AI agents simultaneously within a single project environment, helping accelerate the development process.
The company also expects to reach $1 billion in run-rate revenue by the end of 2026 as adoption continues to grow among both individual creators and enterprise customers.
