Emergent Secures $70 Million in Series B Funding
Emergent, a pioneering AI software creation platform, has successfully raised $70 million in its Series B funding round. This funding was led by Khosla Ventures and SoftBank Vision Fund 2, with contributions from Prosus, Lightspeed, Together, and Y Combinator. This latest round brings the total raised by the company to $100 million within just seven months of its inception.
Rapid Growth of Emergent
This Series B funding arrives less than three months following Emergent’s $23 million Series A round, which was also spearheaded by Lightspeed. This impressive fundraising trajectory highlights the rapid expansion of the company. Additionally, it signifies SoftBank’s renewed interest in investing in AI-focused ventures within India.
Plans for Future Development
The newly acquired capital will be allocated towards expanding the team, accelerating product development, and entering new markets. As the demand continues to grow for AI-driven tools that streamline and expedite software creation, Emergent is enhancing its platform to cater to an expanding global user community. These users are keen on building and monetising applications without facing traditional technical barriers.
About Emergent and Its Offerings
Founded in 2025 by Mukund Jha and his brother Madhav Jha, the former co-founder of Dunzo, Emergent provides an AI-centric platform designed for users to develop full-stack, production-ready web and mobile applications. This is facilitated through autonomous agents that manage the entire development lifecycle, from design and testing to deployment and scaling. Furthermore, the platform incorporates built-in monetisation options through partnerships with billing services like Stripe.
Performance Metrics of Emergent
Emergent states that it has successfully increased its annual recurring revenue from $100,000 at launch to $50 million within a mere seven months. The company has set an ambitious goal to surpass $100 million in ARR by April 2026. Currently, Emergent boasts over 5 million users in more than 190 countries, with significant adoption rates mostly among entrepreneurs and small businesses eager to create and launch commercial software products.