The intense demand and hype surrounding AI startups is clearly illustrated by the rapid fundraising of Emergent, an Indian company building an AI “vibe-coding” platform. The startup has raised $70 million in a Series B round less than four months after securing a $23 million Series A. This new round was jointly led by SoftBank’s Vision Fund 2 and Khosla Ventures, valuing Emergent at $300 million post-money. Prosus, Lightspeed Venture Partners, Together, and Y Combinator also participated. With this latest infusion, Emergent has raised a total of $100 million within just seven months of its launch.
This funding arrives as Emergent reports $50 million in annual recurring revenue and a user base exceeding 5 million people across more than 190 countries. The startup states it is targeting an annual recurring revenue of over $100 million by April 2026.
Similar to other platforms in its category, Emergent uses AI agents to assist users in designing, building, testing, and deploying full-stack web and mobile applications. It primarily serves entrepreneurs and small businesses aiming to launch products without the need to hire large engineering teams. The company notes strong demand in its top markets—the United States, Europe, and India—and plans to deepen its expansion in these regions. Its recently launched mobile app-building service is also seeing significant adoption.
While Emergent is headquartered in San Francisco, 70 of its 75 employees work from an office in Bengaluru. The startup is currently hiring aggressively across various functions in both countries.
Emergent competes with companies like Lovable, Cursor, and Replit, all of which have grown into substantial businesses within a few years. These platforms leverage AI-assisted coding to enable users to develop applications without extensive programming knowledge. Emergent has effectively capitalized on investor interest in this sector. In a similar trend, Accel, along with Together Fund and Salesforce Ventures, backed another India-founded vibe-coding startup named Rocket in a $15 million seed round last year.
This Series B deal is also significant as it marks SoftBank’s return to investing in India, following its investment in the Indian commerce startup ElasticRun nearly four years ago. Emergent says the new capital will be used to expand its team, accelerate product development, and strengthen its position in key markets.