Emergent Raises $70M Series B at $300M Valuation
Emergent, a vibe coding platform that lets non-technical users build production-ready applications, has raised $70 million in Series B funding co-led by Khosla Ventures and SoftBank Vision Fund 2. The funding tripled Emergent's valuation to approximately $300 million.
Prosus, Lightspeed, Together Fund, and Y Combinator also participated in the round. Together Fund led the company's $7 million seed round.
The Series B comes less than three months after Emergent's Series A, marking one of the fastest Series A-to-Series B progressions in the category. The startup raised its $23 million Series A from Lightspeed Venture Partners, Prosus, and others in September, and received additional funding from the Google AI Futures Fund in December.
The investment marks SoftBank's return to AI investments in India, signaling renewed conviction in the country's next wave of AI-led companies.
Emergent was founded by twin brothers Mukund Jha (CEO) and Madhav Jha (CTO). Mukund was previously Co-Founder and CTO at Dunzo, India's first quick commerce offering backed by Google and Reliance. He is a graduate of Columbia Engineering and worked at Google. Madhav holds a PhD in Theoretical Computer Science from Penn State University and was a von Neumann postdoctoral fellow at Sandia National Labs. He was a founding member of the research team that built and shipped Amazon SageMaker.
Emergent is an AI coding platform that lets builders create production-ready software. Users describe what they want in a chat, and coding agents handle frontend design, database architecture, backend logic, authentication, payments, deployment, and automatic scaling.
In just seven months, Emergent has scaled to $50 million in annual recurring revenue and is on track to surpass $100 million ARR by April 2026. More than 5 million users are building and shipping products on Emergent across more than 190 countries.
"We have been able to address a large gap in the market where non-technical users—people who do not have any coding background or coding experience—want to build their own software," Mukund Jha told Business Standard.
Vinod Khosla, founder of Khosla Ventures, said: "Emergent is growing at a pace we rarely see because it is tapping into a segment that has never been served. When barriers to software creation fall this quickly, behaviour changes across industries, not just within the technology sector."
Jha told Reuters that the startup wants to use the proceeds to expand its research and engineering teams in San Francisco and Bengaluru. "A lot of the investment will go into building and further advancing our products and also advancing our research into coding agents," Jha said.