Indian AI startup Emergent raises $70 million from Khosla Ventures and SoftBank Vision Fund

Emergent, the fast-growing AI software creation platform that helps anyone build full-stack, production-ready web and mobile applications, announced it has raised $70 million in a Series B funding round from Khosla Ventures and SoftBank Vision Fund 2.

The round also saw participation from Prosus, Lightspeed, Together, and Y Combinator. In total, Emergent has now raised $100 million within seven months of launch.

The startup will use the latest funds to fuel continued team expansion, accelerate product development, and enter into new markets, as demand for AI-powered software creation surges among entrepreneurs and small businesses globally. 

It claims to have scaled to $50 million in annual recurring revenue (ARR) in just seven months and is on track to surpass $100 million ARR by April 2026. 

Prior to the latest round, Emergent raised strategic investment from Google's AI Futures Fund in December last year.

“Software creation is undergoing a structural shift,” said Mukund Jha, co-founder and CEO of Emergent.

“It used to be that only people with technical training or capital got to turn ideas into real products. Emergent flips that model. We are seeing millions of people build and ship real businesses, workflows, and products in days. As a result, many are generating new sources of income. By helping everyday people build and monetize their ideas, Emergent is stepping in to power the most crucial segment of the economy – small businesses and entrepreneurs.” 

“Emergent is growing at a pace we rarely see because it is tapping into a segment that has never been served,” said Vinod Khosla, founder of Khosla Ventures.

“When barriers to software creation fall this quickly, behavior changes across industries, not just within the technology sector. Emergent is early in shaping how software gets created and monetized over the next decade, not just the next product cycle, and its users are quick to share their success.”

“Emergent is harnessing AI to unlock a massive wave of entrepreneurship by removing the technical and capital barriers that have historically limited who can build software,” said Sarthak Misra, Partner at SoftBank Investment Advisers.

Emergent said it allows business builders to monetise their creation, going from idea to cash flow in hours. It produces production-grade software, engineered to ship, paired with Stripe and other built-in billing providers.