As a sign of demand, or hype, for AI startups, It appearedIndian startup building AI “vibe-coding” platform, has raised $70 million less than four months after raising a $23 million Series A.
The Series B round was led jointly by SoftBank’s Vision Fund 2 and Khosla Ventures, and valued the startup at $300 million post-money, sources with knowledge of the deal told TechCrunch.
Prosus, Lightspeed Venture Partners, Together, and Y Combinator also participated. Emergent has now raised $100 million within seven months of launching.
The funding comes as Emergent claims $50 million in annual recurring revenue (ARR) and more than 5 million users in more than 190 countries. The startup said it is targeting an ARR of more than $100 million by April 2026.
Like other vibe-coding platforms, Emergent uses AI agents to help users design, build, test and deploy full-stack web and mobile applications. It’s aimed at entrepreneurs and small businesses who want to deliver products without having to hire a large engineering team.
“We continue to see great demand in our top geographies – the US, Europe and India – and we will continue to expand in those markets,” co-founder Mukund Jha told TechCrunch, adding that the mobile app building service we launched today has seen strong adoption.
Emergent says it is headquartered in San Francisco, but 70 of its 75 employees work in an office in Bengaluru. The startup is hiring aggressively across functions in both countries, Jha said.
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Emergent competes with the likes Loved, Cursor and Retaliateall of which have become big business within a few years of their launch as AI-assisted coding allows users to develop their own apps without requiring any real programming knowledge or skills.
To its credit, Emergent appears to have successfully attracted investor interest in its vibe-coding platform to fund itself. Accel too powered by Rocketanother startup founded in India, in a seed round of $15 million last year, together with Together Fund and Salesforce Ventures.
The deal is also significant as it marks SoftBank’s return to investing in India – the company has previously supported it. Indian commerce startup ElasticRun almost four years ago.
Emergent said the new funding will be used to expand its team, accelerate product development, and increase its presence in key markets.