Emergent Raises $70M Series B

Emergent, an AI software creation platform, has successfully raised $70 million in a Series B funding round. This round was co-led by Khosla Ventures and SoftBank Vision Fund 2, with additional participation from existing investors including Prosus, Lightspeed Venture Partners, Together Fund, and Y Combinator. This latest investment brings Emergent's total funding to $100 million within seven months of its launch. The company plans to utilize the fresh capital for team expansion, accelerated product development, and entry into new markets. Emergent has demonstrated rapid growth, scaling its annual recurring revenue from $100,000 to $50 million in seven months and projecting to exceed $100 million by April 2026. The platform currently serves over 5 million users across more than 190 countries, enabling entrepreneurs and small businesses to build and monetize full-stack web and mobile applications using autonomous AI agents without requiring traditional coding skills. This funding round also marks SoftBank Vision Fund 2's renewed focus on AI investments in India.