AI coding platform Replit is reportedly in advanced discussions to secure a substantial funding round of approximately $400 million, which would propel its valuation to an estimated $9 billion. This marks a dramatic increase from its previous $3 billion valuation achieved in September 2025 following a $250 million funding round that included Google's AI Futures Fund. The new investment round is reportedly being led by Georgian, a venture firm based in Toronto. This significant financial boost underscores the escalating competition in the artificial intelligence coding sector, where Replit is positioned alongside major players such as OpenAI, Anthropic, and Cursor. Replit's growth is fueled by its innovative AI models designed to assist both professional and novice developers in writing and debugging software more efficiently. The company recently enhanced its offerings by launching "Mobile Apps on Replit" for iOS and Android, enabling users to describe desired applications in natural language and have the platform generate and even publish them to app stores. This move positions Replit to democratize software creation, allowing individuals and small businesses to rapidly transition from concept to live applications. Replit's CEO, Amjad Masad, has stated ambitious revenue targets, anticipating $1 billion by 2026, up from $240 million in 2025, reflecting robust market demand and user growth, with over 150,000 paying customers. The news is globally relevant, particularly for India's thriving software and IT industry, highlighting the rapid advancements and investment flowing into AI-driven development tools.