Replit has closed a $400 million Series D funding round, valuing the San Francisco-based company at $9 billion. Georgian, a growth-stage B2B investor known for its in-house AI Lab, led the round and made a rapid follow-on commitment after first backing Replit in the Series C late last year. The round also drew participation from G Squared, Prysm Capital, Coatue, Andreessen Horowitz, Craft Ventures, Y Combinator, Accenture Ventures, Okta Ventures, Databricks Ventures, 1789 Capital, Qatar's sovereign wealth fund QIA, and individual backers including Shaquille O'Neal and Jared Leto.
The valuation represents a sharp jump from $3 billion just six months ago. Replit has not disclosed revenue figures publicly, though the company says it is on track to reach $1 billion in annual recurring revenue by the end of the year.
Replit operates an AI-powered development platform that lets students, teachers, designers, small business owners, and engineers build, deploy, and update software applications in a single environment. It integrates AI-assisted coding tools with runtime infrastructure and deployment capabilities, and supports connections to enterprise systems like Salesforce, HubSpot, Snowflake, Amazon Web Services, and Google Cloud, along with collaboration tools such as Slack and Jira.
The platform currently counts more than 50 million users. Enterprise clients include Zillow, Labcorp, Atlassian, PayPal, and Adobe. According to Replit, employees from over 85% of Fortune 500 companies are already building on the platform.
"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," said Margaret Wu, Lead Investor at Georgian. "We believe Replit is part of a class of companies shaping the new AI-driven technology economy."
The fresh capital will go toward accelerating product development, deepening enterprise capabilities, expanding integrations, and advancing agent-driven software creation. Replit has also signaled plans for significant geographic expansion, particularly across Europe, Asia, and the Middle East, along with growing its go-to-market team.
Alongside the funding announcement, Replit launched Replit Agent 4, described as its most capable AI agent to date. Agent 4 combines design and code within one environment, letting users move between concept and working software without switching tools. The platform offers what the company calls a digital canvas, where users can tweak mockups, sketch new features, and collaborate with other developers in real time. Beginners can start quickly, while enterprises can support advanced workflows on the same infrastructure.
Replit was founded by Amjad Masad and his wife Haya, who now serves as the company's head of design. Masad, who grew up in Amman, Jordan, first learned to code at age seven after his father brought home an IBM PC. He later studied at Jordan's Princess Sumaya University for Technology before moving to the US in 2012, where he joined Codeacademy and later worked as an engineer at Facebook.
The company got its early break in 2017, when Y Combinator cofounder Paul Graham discovered Replit on Hacker News and invested before recommending it for YC's Winter 2018 batch. The original product was a browser-based code editor. The company's strategic turning point came in 2024, when Masad decided to move away from the code-editing model entirely and rebuild around AI agents. The transition required laying off 30 people, and by the end of the restructuring, half the staff had left. Replit emerged from that period as a different company.
"Our mission has always been that every human with an idea and an Internet connection should be able to build any app they want," said CEO Amjad Masad. "Georgian understood that vision early on, and their partnership has been useful as we continue expanding what builders can imagine and do with Replit."
The company's real differentiator is its focus on non-technical users. Zillow, one of its enterprise customers, has roughly 600 Replit seats for employees who have built more than 7,000 apps over the past year. Talkdesk, a $10 billion AI customer service company, used Replit to build a headcount capacity planning app in two days rather than the two weeks it would have taken otherwise. Databricks CEO Ali Ghodsi put it plainly: "The majority of employees at Databricks actually aren't programmers that are extremely technical. So Replit is perfect for that whole segment."
Georgian led the Series D and made a rapid follow-on after first entering in the Series C in Q3 2025. The firm takes a concentrated investment approach of around six deals per year and brings an in-house AI Lab of more than 20 machine learning engineers and scientists who work directly with portfolio companies on production AI deployment. Georgian manages $5.7 billion in assets under management as of September 30, 2025, and has invested in more than 80 companies since its founding in 2008.
The round also included strategic investors with direct relevance to Replit's enterprise roadmap. Accenture Ventures, Okta Ventures, and Databricks Ventures each participated, alongside established VC names Andreessen Horowitz, Coatue, Craft Ventures, Y Combinator, G Squared, and Prysm Capital. Sovereign wealth fund QIA of Qatar also joined, reflecting the company's growing interest in international markets.
According to Ramp data cited by Replit, the platform ranked among the fastest-growing software platforms as of March 2026, with strong new-customer adoption since Georgian's initial investment.
