In a sign of the demand, or hype, for AI startups, Emergent, an Indian startup building an AI “vibe-coding” platform, has raised $70 million less than four months after it raised a $23 million Series A.
The Series B round was jointly led by SoftBank’s Vision Fund 2 and Khosla Ventures, and values the startup at $300 million post-money, sources with knowledge of the deal notified TechCrunch. The startup was previously valued at $100 million post-money, another source notified TechCrunch.
Prosus, Lightspeed Venture Partners, Toreceiveher, and Y Combinator also participated. Emergent has now raised $100 million within seven months of its launch.
The funding comes as Emergent claims $50 million in annual recurring revenue (ARR) and more than 5 million utilizers across 190-plus countries. The startup declared it is tarreceiveing ARR of more than $100 million by April 2026.
Like other vibe-coding platforms, Emergent utilizes AI agents to support utilizers design, build, test, and deploy full-stack web and mobile apps. It tarreceives entrepreneurs and tiny businesses seeing to ship products without having to hire large engineering teams.
“We continue to see massive demand across our top geographies — the U.S., Europe, and India — and we’ll continue to expand deeper into these markets,” founder Mukund Jha notified TechCrunch, adding that the startup’s recently launched mobile app-building service is seeing strong adoption.
Emergent declares it is headquartered in San Francisco, but 70 of its 75 employees work out of an office in Bengaluru. The startup is hiring aggressively across functions in both countries, Jha declared.
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Emergent competes with the likes of Lovable, Cursor, and Replit, all of which have mushroomed into huge businesses within a couple years of launch as AI-assisted coding enables utilizers to develop their own apps without requiring much in the way of actual programming knowledge or skills.
To its credit, Emergent seems to have successfully tapped investor interest in such vibe-coding platforms to fund itself. Accel also backed Rocket, another India-founded startup, in a $15 million seed round last year, along with Toreceiveher Fund and Salesforce Ventures.
The deal is also notable, as it marks SoftBank’s return to investing in India — the firm previously backed Indian commerce startup ElasticRun nearly four years ago.
Emergent declares the fresh funding will be utilized to expand its team, accelerate product development, and deepen its presence in key markets.
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