What is Replit's new valuation?

Replit is nearing a valuation of $9 billion following a new funding round.

What can Replit's AI agent build?

Replit's AI agent can write code, deploy applications, and create mobile apps for Android and iOS.

Who are Replit's main competitors?

Replit competes with startups like Cursor and tech giants such as OpenAI, Anthropic, and Microsoft.

Home / Technology / Replit's AI Coding Soars: $9B Valuation Near

Replit's AI Coding Soars: $9B Valuation Near

16 Jan

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Summary

Replit AI coding startup nearing $400M funding round.
The company's valuation could triple to $9 billion.
Replit now enables mobile app creation and deployment.

Replit's AI Coding Soars: $9B Valuation Near

Replit Inc., a prominent AI coding startup, is reportedly in advanced discussions to raise approximately $400 million in a new funding round. This financing is expected to substantially increase the company's valuation, potentially tripling it to around $9 billion. Georgian, a venture firm based in Toronto, is anticipated to lead this investment round.

Founded ten years ago, Replit has established itself as a leader in AI-driven software development tools. The company's previous funding round in September raised $250 million at a $3 billion valuation. In 2024, Replit introduced a groundbreaking AI agent capable of not only writing code but also deploying software applications.

Most recently, Replit released an enhanced version of its AI agent that empowers users to build and deploy mobile applications for Android and iOS devices through simple text descriptions. This new capability allows for the creation of various app types, including mobile games and personal productivity tools, streamlining the development process significantly.