Replit raises new funding round as AI coding tools competition intensifies

Yahoo
Yahoo
2d ago
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.
Replit raises new funding round as AI coding tools competition intensifies
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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.

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.

Topics

Technology & Innovation Artificial Intelligence Business & Markets Startups/VC

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