AI coding platform Replit raises $400M in Series D funding at a $9B valuation, backed by Georgian, a16z, and Qatar Investment Authority.
San Francisco-based AI coding platform Replit has raised $400 million in a Series D funding round, increasing its valuation to $9 billion as demand for AI-powered software development tools grows.
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The round was led by growth-stage B2B investor Georgian, which previously backed Replit in its Series C funding late last year and quickly followed with additional investment. Other participants include G Squared, Prysm Capital, Coatue Management, Andreessen Horowitz, Craft Ventures, Y Combinator, Accenture Ventures, Okta Ventures, Databricks Ventures, 1789 Capital, and Qatar’s sovereign wealth fund, Qatar Investment Authority. Individual investors, including Shaquille O’Neal and Jared Leto, also joined the round.
The latest valuation represents a threefold jump from $3 billion just six months ago, highlighting investor confidence in AI-driven software development platforms. While Replit has not publicly disclosed revenue figures, the company says it is on track to reach $1 billion in annual recurring revenue by the end of the year.
Replit provides an AI-powered development environment that allows users—including students, entrepreneurs, designers, and engineers—to build, deploy, and manage software applications within a single platform. The system combines AI-assisted coding tools with integrated infrastructure and deployment capabilities.
The platform integrates with enterprise software and cloud services such as Salesforce, HubSpot, Snowflake, Amazon Web Services, and Google Cloud, as well as collaboration tools like Slack and Jira.
Replit says its platform now serves more than 50 million users, with enterprise customers including Zillow, Labcorp, Atlassian, PayPal and Adobe. According to the company, employees from over 85% of Fortune 500 companies are already building applications on the platform.
“Software creation is expanding beyond traditional developers,” said Margaret Wu, lead investor at Georgian. “Replit has built a platform that allows people to move from idea to production software in a single environment.”
The new funding will be used to accelerate product development, expand enterprise capabilities, deepen platform integrations, and scale the company’s global go-to-market strategy. Replit is also targeting geographic expansion across Europe, Asia, and the Middle East.
Alongside the funding announcement, the company introduced Replit Agent 4, its latest AI agent designed to combine design and coding workflows within a single interface. The system allows users to move from concept to working software without switching tools, using what Replit describes as a collaborative digital canvas for building applications.
Amjad Masad and Haya Masad founded Replit. Masad, originally from Amman, Jordan, launched the company after moving to the United States in 2012. The startup gained early momentum when Paul Graham, co-founder of Y Combinator, discovered the platform and backed it ahead of the accelerator’s Winter 2018 cohort.
Initially launched as a browser-based code editor, Replit underwent a major strategic shift in 2024 when the company rebuilt its platform around AI agents capable of generating and managing software.
“Our mission has always been that anyone with an idea and an internet connection should be able to build an app,” said CEO Amjad Masad. “We’re continuing to expand what people can imagine and create with Replit.”
Why Replit Funding Matters to MENA
The participation of the Qatar Investment Authority highlights how Gulf sovereign wealth funds are increasingly investing in global AI infrastructure and developer platforms.
For the Middle East, tools like Replit could also help accelerate low-code and AI-assisted software development, enabling startups, enterprises, and even non-technical professionals to build digital products faster. As the region pushes deeper into AI adoption and digital transformation, platforms that lower the barrier to building software may become critical infrastructure for innovation ecosystems.
