An Indian startup, Emergent, developing a platform using artificial intelligence based on the concept of vibe-coding, has raised $70 million in a Series B round – less than four months after raising $23 million in a Series A round.
The Series B round was jointly led by SoftBank’s Vision Fund 2 and Khosla Ventures, and the company is valued at $300 million post-funding. Prosus, Lightspeed Venture Partners, Together and Y Combinator also participated. Emergent has now raised $100 million in seven months since its launch.
Funding comes thanks to a reported $50 million ARR and over 5 million users in over 190 countries. The startup is targeting an ARR of over $100 million by April 2026.
Like other mood coding platforms, Emergent uses AI agents to help users design, build, test, and deploy full-featured web and mobile applications. The platform targets entrepreneurs and small businesses looking to bring products to market quickly without the need for large engineering teams.
“Demand in our key geographies – the United States, Europe and India – is growing, and we will continue to expand even deeper into these markets. »
Founders and office footprint
The founders of Emergent are Mukul Jha and Madhav Jha. The company is officially headquartered in San Francisco, but 70 of its 75 employees work from the Bangalore office. The company is actively splitting hiring between the two countries, Jha noted.
Competitors and investment landscape
Emergent competes with players such as Lovable, Cursor and Replit, which have quickly become large companies by using artificial intelligence to develop their own applications without the need for heavy technical infrastructure.
The company skillfully generated investor interest in the concept of vibe-coding, thereby enabling self-financing. Accel previously backed Rocket, another Indian startup, in a $15 million funding round last year alongside Together Fund and Salesforce Ventures.
This agreement also highlights SoftBank’s return to investing in India: the company had already supported Indian ElasticRun almost four years ago.
The available funds are expected to be used to expand the team, accelerate product development and strengthen Emergent’s presence in key markets.
Overall, the financial event demonstrates the growing value of the vibe-coding concept in the global startup ecosystem and Emergent’s ambitions to rapidly expand onto the global stage.