Emergent, an Indian startup specializing in AI-powered ‘vibe-coding’ technology, has secured $70 million in funding, boosting its valuation to $300 million. This funding round, led by SoftBank’s Vision Fund 2 and Khosla Ventures, highlights the growing interest in AI startups. Emergent’s platform utilizes AI agents to assist users in developing full-stack web and mobile applications. With the aim of simplifying product development for entrepreneurs and small businesses, Emergent has already achieved an impressive $50 million in annual recurring revenue and attracted over 5 million users globally.
The company’s founder, Mukund Jha, expressed Emergent’s commitment to meeting the increasing demand in key markets such as the U.S., Europe, and India. The recent launch of a mobile app-building service has received positive reception, driving further growth for the startup. While headquartered in San Francisco, Emergent operates mainly from Bengaluru, where the majority of its workforce is based. The company’s expansion plans include aggressive hiring efforts in both the U.S. and India to support its continued growth.
Source: TechCrunch