Indian-founded AI startup Emergent has secured a $70 million Series B round, rocketing its valuation to $300 million. The new funding, which comes less than four months after a $23 million Series A, highlights the intense investor demand for AI-native development tools.
The round was co-led by SoftBank’s Vision Fund 2 and Khosla Ventures, with participation from existing investors Prosus, Lightspeed Venture Partners, Together, and Y Combinator. This brings Emergent’s total capital raised to $100 million within just seven months of its launch.
Rapid Growth and Investor Confidence
The funding round marks a tripling of Emergent’s valuation, which stood at $100 million following its Series A. The company’s rapid fundraising is backed by significant traction, claiming $50 million in annual recurring revenue (ARR) and a user base of over 5 million across more than 190 countries.
Emergent is now targeting an ARR of over $100 million by April 2026. The deal is also notable as it signifies SoftBank’s return to investing in Indian-founded startups after a nearly four-year hiatus.
The Rise of AI-Assisted Development
Emergent operates in the burgeoning “vibe-coding” space, utilizing AI agents to empower users to design, build, and deploy full-stack web and mobile applications without extensive programming knowledge. The platform specifically targets entrepreneurs and small businesses seeking to launch products efficiently without assembling 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 told TechCrunch.
While headquartered in San Francisco, the majority of Emergent’s 75-person team operates from Bengaluru, India. The new capital is earmarked for team expansion, accelerating product development, and strengthening its market presence.
MENA’s Takeaway: The AI And No-Code Opportunity
Emergent’s success offers a powerful signal for the MENA startup ecosystem. The rise of AI-assisted and no-code development platforms is democratizing tech creation, enabling a new wave of non-technical founders across the region to bring their ideas to life faster and more affordably. This trend lowers the barrier to entry for building MVPs and full-scale applications, potentially accelerating innovation in key sectors.
Furthermore, the involvement of a major regional investor like SoftBank underscores the global appetite for tools that boost productivity and empower creators, a market segment with significant growth potential within MENA’s digitally-savvy population.
About Emergent
Emergent is an AI-powered “vibe-coding” platform that enables users, particularly entrepreneurs and small businesses, to design, build, test, and deploy full-stack web and mobile applications without requiring deep programming skills. The company aims to simplify the product development lifecycle through AI agents.
Source: TechCrunch
