San Francisco-based AI startup Emergent has secured $70 million in Series B funding from Khosla Ventures and SoftBank Vision Fund 2, along with contributions from Prosus, Lightspeed, Together and Y Combinator.
Since its launch seven months ago, Emergent has raised $100 million in funding. The company has more than 5 million users in more than 190 countries, Emergent said in a statement.
The company will use this funding to support the team’s continued growth, enhance product development, and facilitate entry into new markets as demand for AI-driven software development increases among entrepreneurs and small businesses around the world.
“Software creation is undergoing a structural change,” said Mukund Jha, co-founder and CEO of Emergent, in a statement. “Previously, only people with technical training or capital could turn ideas into real products. Emergent is turning that model on its head. We’re seeing millions of people build and ship real businesses, workflows, and products in days.”
Since its inception, Emergent has achieved $50 million in annual recurring revenue (ARR) and the company plans to exceed $100 million in ARR by April 2026.
“Emergent leverages AI to unlock a massive wave of entrepreneurship by removing the technical and financial barriers that have historically limited the number of people allowed to create software,” said Sarthak Misra, partner at SoftBank Investment Advisers.
Emergent secured Series B funding three months after completing its Series A round. This new funding round follows Google’s backing and marks SoftBank’s return to investing in AI companies in India.
The startup provides a comprehensive development team that designs, builds, tests and scales reliable software quickly and cost-effectively. Entrepreneurs can turn ideas into revenue in hours with production-grade, ready-to-launch software integrated with billing providers like Stripe.