Replit, the browser-based platform that lets anyone build and deploy software using natural language prompts rather than traditional code, has raised a $400 million Series D at a $9 billion valuation led by Georgian, the Toronto-based growth investor that first backed Replit in its Series C late last year and has now doubled down.
The round includes participation from G Squared, Prysm Capital, Coatue, Andreessen Horowitz, Craft Ventures, Y Combinator, Accenture Ventures, Okta Ventures, Databricks Ventures, Donald Trump Jr's 1789 Capital, and Qatar's sovereign wealth fund QIA, alongside angel investors Shaquille O'Neal and Jared Leto, and brings total funding to approximately $878 million.
The raise comes just six months after Replit hit a $3 billion valuation on a $250 million round in September 2025, when the company said it was on track for $150 million in annualised revenue, and according to Forbes the new valuation makes founder and CEO Amjad Masad a billionaire for the first time, with an estimated net worth of $2 billion.
Replit did not disclose updated revenue figures but told Forbes it is targeting $1 billion in annual recurring revenue by the end of 2026, and the funds will go primarily toward international expansion in Asia and the Middle East and growing the company's GTM team.
Alongside the funding, Replit launched Agent 4, its most powerful AI agent to date, which combines design and code in a single environment and lets users move from concept to working software without writing a line of code.
The company competes directly with Anthropic's Claude Code (whose annualised revenue has reportedly reached $2.5 billion), Cursor (reportedly past $2 billion in ARR), and Swedish startup Lovable, which raised $200 million at a $1.8 billion valuation earlier this year and whose valuation has since reportedly climbed toward $4 billion.
According to Ramp data cited by Georgian, Replit ranked among the fastest-growing software platforms as of March 2026.
