Reflecting the strong demand and excitement surrounding AI startups, Emergent, an Indian company developing an AI-powered “vibe-coding” platform, has successfully raised $70 million. This latest investment follows their $23 million Series A funding, which occurred less than four months prior.
SoftBank’s Vision Fund 2 and Khosla Ventures co-led the Series B round, which values the startup at $300 million post-money, as reported by sources close to the deal who spoke with TechCrunch. Earlier, the startup had been valued at $100 million post-money, according to another TechCrunch source.
Additional participants in the funding round included Prosus, Lightspeed Venture Partners, Together, and Y Combinator. Emergent has now secured a total of $100 million within seven months of its official launch.
This funding arrives as Emergent reports an impressive $50 million in annual recurring revenue (ARR) and serves more than 5 million users across over 190 countries. The startup has also declared an aim to achieve over $100 million in ARR by April 2026.
Emergent, consistent with other vibe-coding platforms, utilizes AI agents to empower users in the design, building, testing, and deployment of full-stack web and mobile applications. The platform is designed for entrepreneurs and small businesses aiming to release products without the necessity of hiring large engineering teams.
“We continue to see massive demand across our top geographies — the U.S., Europe and India — and we’ll continue to expand deeper into these markets,” founder Mukund Jha told TechCrunch, further highlighting the strong adoption of the startup’s recently launched mobile app-building service.
Emergent states its headquarters are in San Francisco, yet 70 of its 75 employees are based in an office in Bengaluru. According to Jha, the startup is aggressively expanding its workforce across various functions in both countries.
Emergent operates in a competitive space alongside companies like Lovable, Cursor and Replit, all of which have rapidly developed into significant businesses within a few years of their launch. This growth is largely due to AI-assisted coding, which empowers users to develop their own applications with minimal need for traditional programming knowledge or skills.
Notably, Emergent appears to have successfully leveraged investor interest in such vibe-coding platforms to secure its funding. Accel also backed Rocket, another India-founded startup, with a $15 million seed round last year, alongside Together Fund and Salesforce Ventures.
The deal is also noteworthy because it signifies SoftBank’s return to investing in India, a market where the firm last backed Indian commerce startup ElasticRun nearly four years ago.
Emergent has indicated that the new funding will be directed towards expanding its team, accelerating product development, and solidifying its presence in essential markets.