Indian vibe-coding startup Emergent raises $70M at $300M valuation from SoftBank, Khosla Ventures
Summary
Emergent, an Indian startup developing an AI "vibe-coding" platform, has raised $70 million in a Series B funding round led by SoftBank's Vision Fund 2 and Khosla Ventures, valuing the company at $300 million post-money. This funding comes less than four months after a $23 million Series A, bringing its total raised capital to $100 million in seven months since launch. Emergent claims $50 million in Annual Recurring Revenue (ARR) and over 5 million users globally, aiming for over $100 million ARR by April 2026. The platform uses AI agents to help users design, build, test, and deploy full-stack web and mobile applications, targeting entrepreneurs and small businesses. Although headquartered in San Francisco, most of its 75 employees are based in Bengaluru. The new funds will be used for team expansion, product acceleration, and deepening market presence in key geographies like the U.S., Europe, and India. The deal is also significant as it marks SoftBank's reentry into investing in India.
(Source:TechCrunch)