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AI software developer Replit raises $250 million at $3 billion valuation

Sept 10 (Reuters) – AI software developer platform Replit said on Wednesday it has raised $250 million in a funding round that values the San Francisco-based company at $3 billion, as investors continue to back AI startups that help people write code.
Valuations for code-generation startups, or “code-gen,” have climbed as companies look to use AI to assist software engineers or help non-technical teams to write their own software.
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Replit was valued at just over $1 billion in 2023 after it raised $97.4 million. The company said its annualized revenue rose to $150 million from $2.8 million in less than a year.
The startup plans to use the funding to invest in research and development as well as sales and marketing.
In the crowded field of code-gen startups, Replit said its product is differentiated because it builds vibe-coding tools for non-technical users in enterprises. Cognition, another startup focusing on building AI coders, raised over $400 million at a $10.2 billion valuation earlier this week.
“There’s a lot of competition for software engineers, but we’re seeing that people who are able to use Replit are from every part of the enterprise, from sales, HR, to operations, and that has helped them with product development cycles,” said Replit CEO Amjad Masad.
In May, Cursor, another San Francisco-based code-gen startup raised $900 million at a $10 billion valuation. The firm helps users by suggesting and completing lines of code and can write sections of code autonomously.
Reporting by Juby Babu in Mexico City and Krystal Hu in San Francisco; Editing by Tasim Zahid and Alan Barona
Our Standards: The Thomson Reuters Trust Principles.
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Malaysia and Zetrix AI Partner to Build Global Standards for Shariah-Compliant Artificial Intelligence
JOHOR BAHRU, Malaysia, Sept. 13, 2025 /PRNewswire/ — In a significant step towards islamic values-based artificial intelligence, Zetrix AI Berhad, developer of the world’s first Shariah-aligned Large Language Model (LLM) NurAi and the Government of Malaysia, through the Prime Minister’s Department (Religious Affairs), today signed a Letter of Intent (LOI) to collaborate on establishing the foremost global framework for Shariah compliance, certification and governance in AI. The ceremony was witnessed by Prime Minister YAB Dato’ Seri Anwar Ibrahim.
Building Trust in NurAI
Front row: Datuk Mohd Jimmy Wong Abdullah, Director of Zetrix AI Berhad (left) and Dato’ Dr. Sirajuddin Suhaimee, Director General of Department of Islamic Development Malaysia (JAKIM) (right), during the signing of the Letter of Intent between Zetrix AI Berhad and the Government of Malaysia, through the Prime Minister’s Department (Religious Affairs). Back row, from the left: The signing was witnessed by YB Tuan Haji Mohd Fared bin Khalid, Chairman of the Johor State Islamic Religious Affairs Committee; YB Dato’ Haji Asman Shah bin Abd. Rahman, Secretary of the Johor State Government; YAB Dato’ Onn Hafiz bin Ghazi, Chief Minister of Johor; YAB Dato’ Seri Anwar bin Ibrahim, Prime Minister of Malaysia; and YB Senator Dato’ Setia Dr. Haji Mohd Na’im bin Haji Mokhtar, Minister in the Prime Minister’s Department (Religious Affairs).
JAKIM, Malaysia’s Department of Islamic Development, is internationally recognised as the gold standard in halal certification, accrediting foreign certification bodies across nearly 50 countries. Malaysia has consistently ranked first in the Global Islamic Economy Indicator, reflecting its leadership not only in halal certification but also in Islamic finance, food and education. By integrating emerging technologies such as AI and blockchain to enhance compliance and monitoring, Malaysia continues to set holistic benchmarks for the global Islamic economy.
NurAI has already established itself as a pioneering Shariah-aligned AI platform. With today’s collaboration, JAKIM, under the Ministry’s leadership, would play a central role in guiding the certification, governance and ethical standards of NurAI, ensuring its alignment with Islamic principles.
Additionally, this milestone underscores the urgent need for AI systems that move beyond secular or foreign-centric worldviews, offering instead a platform rooted in Islamic ethics. It positions Malaysia as a global leader in ethical and Shariah-compliant AI while setting international benchmarks. The initiative also reflects the country’s halal and digitalisation agendas, ensuring AI remains trusted, secure, and representative of Muslim values while serving more than 2 billion people worldwide.
Prime Minister YAB Dato’ Seri Anwar Ibrahim reinforced that national policies should incorporate various inputs, including digitalisation and artificial intelligence — and must always remain grounded in islamic principles and values that deserve emphasis.
Areas of Collaboration
Through the LOI, Zetrix AI and the Government via JAKIM, propose to collaborate in three key areas:
- Shariah Certification and Governance — Developing frameworks, ethical guidelines and certification standards for AI systems rooted in Islamic principles.
- Global Advocacy and Promotion — Positioning Malaysia as the global centre of excellence for Islamic AI and championing the Islamic digital economy projected at USD 5.74 trillion by 2030.
- JAKIM’s Official Channel on NurAI — Creating a trusted platform for Islamic legal rulings, halal certification and verified Shariah guidance, combating misinformation through AI.
Reinforcing Global Halal Tech Leadership
Through this collaboration, NurAI demonstrates how advanced AI can be guided by ethical and faith-based principles to serve global communities. By extending halal leadership into the digital economy particularly in Islamic finance, education and law — Malaysia positions itself as a key contributor to setting international benchmarks for Shariah-compliant AI.
Inclusive, Secure and Cost-Effective AI
NurAI is developed in Malaysia, supporting Bahasa Melayu, English, Indonesian and Arabic. It complies with national data sovereignty and cybersecurity policies, reducing reliance on foreign tools while ensuring AI knowledge stays local, trusted, and secure.
NurAI is available for download on nur-ai.zetrix.com
About Zetrix AI Berhad
Zetrix AI Berhad (“Zetrix AI”), formerly known as MY E.G. Services Berhad, is leading the way in the deployment of blockchain technology and artificial intelligence in powering the public and private sectors across ASEAN. Headquartered in Malaysia, Zetrix AI started operations in 2000 as a pioneer in the provision of electronic government services and complementary commercial offerings in its home country. Today, it has advanced to the forefront of technology transformation in the broader region, leveraging its Layer-1 blockchain platform Zetrix and embracing the convergence of Web3, AI and robotics to enable optimally-efficient, intelligent and secure cross-border transactions, digital identity interoperability and automation solutions that seamlessly connect peoples, businesses and governments.
SOURCE Zetrix AI Berhad
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Malaysia and Zetrix AI Partner to Build Global Standards for Shariah-Compliant Artificial Intelligence – WV News
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