Replit, which develops artificial intelligence software for coding, is in the midst of a $400M funding round that would send its valuation to $9B, according to Bloomberg.
In September, Replit completed a $250M funding round that gave it a $3B valuation. That round was led by Prysm Capital and included Google’s (GOOG)(GOOGL) AI Futures Fund, Amex Ventures (AXP), a16z and others.
“Replit is demonstrating what is possible with AI agents,” said Jonathan Silber, director of the AI Futures Fund at Google. “We look forward to working with them to build agents using Gemini that will power the enterprise and continue bringing the benefits of Gemini to software developers.”
Georgian, a Toronto-based venture firm, is leading the latest funding round, according to the report.
The San Francisco-based company develops AI models for coding, which has arisen as a relatively strong market. It places Replit in direct competition with companies such as OpenAI (OPENAI), Anthropic (ANTHRO) and Cursor, which is the preferred AI-powered coding tool for Nvidia (NVDA).
On Thursday, Replit released Mobile Apps on Replit for iOS and Android. Users can describe what type of app they want to build in natural language, such as a mobile game, productivity app or digital storefront. Replit can take that idea, build a workable app, and publish it to an app store.
Replit has more than 150,000 paying customers. It generated $240M in revenue in 2025, and it expects to reach $1B in revenue in 2026, according to CEO Amjad Massad, in an interview in October with Business Insider.