Replit announced it has raised $400 million in a Series D funding round led by Georgian and backed by investors including G Squared, Prysm Capital, 1789 Capital, Y Combinator, Coatue, Andreessen Horowitz, Craft Ventures, and Qatar Investment Authority. The round also included strategic investments from Accenture Ventures, Databricks Ventures, Okta Ventures, and Tether, as well as participation from individual investors, including Shaquille O’Neal and Jared Leto. The financing values the AI-powered software development platform at $9 billion.
Founded in 2016, Replit was created to make software development accessible to anyone. The company said its platform allows users to transform ideas into applications without needing to master traditional coding or complex programming systems.
The company said the new capital will support continued investment in its AI development tools, global expansion across Europe, Asia, and the Middle East, and the infrastructure needed to support growing demand.
Replit said its platform now serves more than 50 million users building applications ranging from school projects and internal tools to customer-facing software products. The company added that employees at companies including Atlassian, LabCorp, PayPal, Zillow, Talkdesk, and Adobe use the platform to build prototypes and internal applications.
The company also reported that users from 85% of Fortune 500 companies are building applications on Replit’s 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 tool development. According to the company, using Replit enabled teams to develop functional AI prototypes in days rather than weeks and helped increase its ability to gather product-led feedback by 400% before engineering resources are committed.
Replit has also expanded partnerships with companies including Google, Microsoft, Slack, Stripe, and Databricks, enabling users to move from prototypes to production applications while integrating with existing enterprise systems.
In addition to 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, accelerating development.
Replit said it expects to reach $1 billion in run-rate revenue by the end of 2026 as adoption continues to expand among both individual creators and enterprise customers.
KEY QUOTES
“In 2016, we started Replit with a simple but radical belief that anyone should be able to build an app without ever learning to code. Our vision was for software to expand human imagination. Instead of requiring people to master software as it existed, we believed software could evolve to meet people where they are, translating their imagination into reality.”
“At the time, this idea felt almost impossible. Software development was for engineers, not students, teachers, designers, or small business owners. The tools were complex, required specialized training, and thus inaccessible to most of the world. The terms vibe coding and AI agents were still nearly a decade away.”
“Fundamentally, we believe the future of technology is deeply human. As software adapts to people, billions will be able to turn their ideas into reality without needing to understand or be restricted by the machinery underneath. AI will unlock human creativity, kicking open a world where far more people can build, experiment, and create than ever before.”
Amjad Masad, CEO, Replit
“Replit is rapidly expanding who gets to build in the AI era. By integrating with Lakebase and Databricks Apps, we’re combining Replit’s capabilities with trusted enterprise data and governance, helping teams move from idea to production faster and more securely than ever. We’re excited to support Replit’s next phase of growth.”
Ali Ghodsi, Co-Founder And CEO, Databricks
“This round reflects our conviction in both the scale of the market and Replit’s momentum. Software creation is expanding beyond traditional developers and Replit has built a platform that allows people to move from idea to production software in a single environment. We believe Replit is part of a class of companies shaping the new AI-driven technology economy.”
Margaret Wu, Lead Investor, Georgian
