Replit’s Amjad Masad on the Cursor deal, fighting Apple, and why he’d rather not sell

A striking development has emerged in artificial intelligence. Amjad Masad has been building Replit for a decade, but the last 18 months have been something else entirely. The AI coding assistant company went from $2.

8 million in revenue in all of 2024 to tracking toward what Masad describes as a billion-dollar annual run rate. At ’s sold-out StrictlyVC event in San Francisco on Thursday night, we covered a lot of ground in a short time, beginning with the question everyone in the industry is asking right now: in a world where rival Cursor is reportedly in talks to be acquired by SpaceX for $60 billion , is Replit also bound to sell?

We also got into Replit’s net revenue retention — a measure of how much existing customers expand their spending — which Masad says is reaching as high as 300%, his willingness to take Apple to court over what he called outright lies in its App Store battle with Replit, and the possibility of the company beginning to invest in its own customers.

This advance offers important signals about the future of the sector, and the tech world is watching closely.