In a clear sign of the intense demand, or hype, for AI startups, Emergent, an Indian startup building an AI “vibe-coding” platform, has raised $70 million. This comes less than four months after it raised a $23 million Series A round. The Series B was jointly led by SoftBank’s Vision Fund 2 and Khosla Ventures, and it values the startup at $300 million post-money. Previously, the startup was valued at $100 million post-money. Other participants in the round included Prosus, Lightspeed Venture Partners, Together, and Y Combinator. Emergent has now raised a total of $100 million within just seven months of its launch.
This new funding arrives as Emergent claims $50 million in annual recurring revenue and more than 5 million users across over 190 countries. The startup stated it is targeting an ARR of more than $100 million by April 2026.
Like other vibe-coding platforms, Emergent uses AI agents to help users design, build, test, and deploy full-stack web and mobile applications. It targets entrepreneurs and small businesses that want to ship products without needing to hire large engineering teams.
The company’s founder, Mukund Jha, said they continue to see massive demand across their top geographies—the United States, Europe, and India—and plan to expand deeper into these markets. He added that the startup’s recently launched mobile app-building service is seeing strong adoption.
Emergent says it is headquartered in San Francisco, but 70 of its 75 employees work out of an office in Bengaluru. The startup is hiring aggressively across functions in both countries.
Emergent competes with companies like Lovable, Cursor, and Replit. All of these have grown into substantial businesses within a couple of years of launch, as AI-assisted coding enables users to develop apps without requiring extensive programming knowledge or skills.
Emergent has successfully tapped investor interest in such platforms. In a similar space, Accel also backed Rocket, another India-founded vibe-coding startup, in a $15 million seed round last year alongside Together Fund and Salesforce Ventures.
This latest deal is also notable as it marks SoftBank’s return to investing in India. The firm previously backed the Indian commerce startup ElasticRun nearly four years ago.
Emergent says the fresh capital will be used to expand its team, accelerate product development, and deepen its presence in its key markets.