Replit raises new funding round as AI coding tools competition intensifies

Yahoo
Yahoo
11h ago
Replit is raising $400 million in a funding round that would value the company at about $9 billion, as investor interest grows in developer-focused AI tools.
Replit raises new funding round as AI coding tools competition intensifies
A What happened
Replit is raising $400 million in a new funding round that would value the company at about $9 billion, according to Bloomberg. The San Francisco-based startup last raised $250 million in September at a $3 billion valuation, with backing from Alphabet’s AI Futures Fund, Amex Ventures, and a16z. The latest round is being led by Georgian, a Toronto-based venture firm. Replit builds AI-powered coding agents and launched Mobile Apps on Replit for iOS and Android that lets users describe an app in natural language and have it built and published automatically.
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Key insights

  • 1

    Investor interest is increasing in developer-focused AI tools: The $400 million raise and implied $9 billion valuation are cited as highlighting accelerating investor interest in AI tools for developers.

  • 2

    Google plans collaboration using Gemini: Google said it plans to work with Replit to build tools powered by Gemini for enterprise developers.

  • 3

    Natural-language app creation is part of Replit’s product expansion: Mobile Apps on Replit for iOS and Android allows users to describe an app in natural language and have it built and published automatically.

Takeaways

Replit is pursuing a $400 million funding round led by Georgian at an implied $9 billion valuation while expanding AI coding and app-building products and competing with other AI coding platforms.

Topics

Technology & Innovation Artificial Intelligence Business & Markets Startups/VC

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