Replit raised $400 million at a $9 billion valuation early this year, targeting $1 billion in annual recurring revenue by end-2026. The company now serves over 50 million users, including teams at 85% of Fortune 500 companies. Founded in 2016, Replit initially offered browser-based coding tools. Its AI pivot transformed it into a platform enabling anyone to build software through natural language descriptions. Annual revenue surged from $2.8 million in 2024 to $240-300 million by end-2025 following launch of AI agent capabilities. The company has raised $922 million across nine rounds from investors including Andreessen Horowitz, Coatue, Google's AI Futures Fund, and Qatar Investment Authority. It reports net retention rates as high as 300% and over 500,000 professional business customers. The analysis suggests Replit could expand beyond software creation into entrepreneurship development, combining technical tools with business methodology.

Visa has made an undisclosed investment in AI coding platform Replit and is exploring integration of its payment products into the platform. The partnership aims to enable developers and AI agents to accept payments directly without leaving Replit. The collaboration includes potential use of Visa Intelligent Commerce and Visa's Trusted Agent Protocol, which allows AI agents to securely identify themselves for verified transactions. Over 1,000 Visa employees currently use Replit for prototyping and development. Replit is also launching self-serve enterprise access for contracts up to $200,000, offering features like single sign-on and audit logs. The San Francisco-based company raised $400 million at a $9 billion valuation in March, tripling its value in six months. CEO Amjad Masad reports very low churn and net retention reaching 300% in some cases.

Replit, an AI-powered coding platform, has raised $400 million in a Series D round led by Georgian Partners, valuing the company at $9 billion. The startup now generates $250 million in annual recurring revenue and aims to reach $1 billion by year-end. The transformation is remarkable. In May 2024, Replit had just seven months of runway remaining. The company slashed its team to 50 people and assembled a 10-person unit to rebuild the platform around an AI agent in 90 days, abandoning its focus on professional developers. When Replit Agent v1 launched in September 2024, it generated $1 million in new ARR on day one and nearly $10 million in the first week. The company pivoted entirely to non-technical users, with ARR per employee jumping from $50,000 to $2.5 million.