Emergent has successfully secured $70 million in a funding round, enhancing its valuation to approximately $300 million within just seven months of its inception. The startup, which enables the affordable creation of applications using AI technology, has experienced substantial revenue growth, reaching an annual recurring revenue (ARR) of $50 million.
The latest financing, which attracted investments from Khosla Ventures and SoftBank, marks the Japanese investor's first new venture in an Indian startup after a nearly four-year hiatus. Emergent has now raised a total of $100 million since its launch, following a previous round of $23 million led by Lightspeed three months earlier.
Founded by twins Mukund and Madhav Jha in 2025, the San Francisco and Bengaluru-based company has garnered over 5 million users across more than 190 countries. Emergent's platform is designed to assist non-engineers and developers in building and deploying web and mobile applications.