Emergent Raises $70 Million to Propel AI-Driven Software Revolution

Emergent, an AI-enabled software creation platform, raised $70 million from notable investors including Khosla Ventures and SoftBank Vision Fund 2. The funding will expand teams, develop products, and venture into new markets. Emergent, since its seven-month launch, has scaled to $50 million ARR and aims to surpass $100 million by 2026.

Software creation platform Emergent has announced a $70 million funding round from Khosla Ventures and SoftBank Vision Fund 2. The substantial investment reflects confidence in Emergent's capability to revolutionize software development through AI technologies.

The company plans to utilize the funds to expand its team, enhance product development, and penetrate new markets. Emergent, which launched only seven months ago, has already achieved $50 million in annual recurring revenue and aims to surpass $100 million by 2026, marking it as India's fastest-scaling technology startup by revenue.

The backing from SoftBank signals a renewed interest in AI investments within India, potentially sparking the next wave of AI-driven entrepreneurship. By removing traditional technical and financial barriers, Emergent empowers a broader base of users to develop and ship real products, tapping into previously untapped entrepreneurial potential.

(With inputs from agencies.)