Emergent, an AI-powered app-building startup led by founder and CEO Mukund Jha, has raised a $70 million Series B financing round led by Khosla Ventures and SoftBank Investment Advisers, the company said in a LinkedIn post. The round also included participation from Lightspeed India, Prosus Ventures, Together, and Y Combinator.
This funding comes as Emergent reports $50 million in annual recurring revenue, more than 5 million users, and usage across 190+ countries, positioning the company among the fastest-growing AI startups globally and “the fastest-ever in India,” according to Jha.
Emergent’s pitch centers on making software creation accessible to non-technical founders and operators by using AI to build applications from a user’s description of an idea. Jha said the company’s mission was shaped by seeing people abandon promising concepts because building software felt out of reach.
The company plans to use the new capital to expand its reach and accelerate its ambition of helping more people turn ideas into “monetizable software” without relying on expensive engineering teams or traditional development shops.
KEY QUOTES:
“$50M ARR. 5M+ users in 190+ countries. Emergent is now one of the fastest growing AI startups in the world. The fastest-ever in India.”
“The next era of entrepreneurship won’t be built with expensive engineers or high dev shop costs. It will be built with Emergent.”
“We’re the only AI app builder that operates like a team of top engineers, turning ideas into monetizable software.”
Mukund Jha, Founder and CEO, Emergent
