In a sign of the demand, or hype, for AI startups, Emergent, an Indian startup building an AI “vibecoding” platform, has raised $70 million less than four months after raising $23 million in Series A funding.
The Series B round was co-led by SoftBank’s Vision Fund 2 and Khosla Ventures, valuing the startup at $300 million post-money, sources familiar with 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 company said it is targeting ARR of over $100 million by April 2026.
Like other vibecoding platforms, Emergent uses AI agents to help users design, build, test, and deploy full-stack web and mobile apps. It targets entrepreneurs and small businesses who want to ship products without hiring large engineering teams.
“We continue to see strong demand in key geographies like the US, Europe, and India, and we will continue to expand deeper into these markets,” founder Mukund Jha told TechCrunch, adding that the startup’s recently launched mobile app building services have seen strong adoption.
Emergent said its headquarters are in San Francisco, but 70 of its 75 employees work out of its Bangalore office. Jha said the startup is actively hiring across sectors in both countries.
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Emergent competes with Lovable, Cursor, Replit, etc. They quickly grew into huge businesses within a few years of their launch, as AI-assisted coding allows users to develop their own apps without requiring much actual programming knowledge or skills.
To its credit, Emergent appears to have successfully capitalized on investor interest in such Vibe coding platforms to raise funds. Last year, Accel along with Together Fund and Salesforce Ventures backed fellow Indian startup Rocket with a $15 million seed round.
The deal is also notable as it signals SoftBank’s return to investment in India. The company previously backed Indian commerce startup ElasticRun about four years ago.
Emergent says the new funding will be used to expand its team, accelerate product development and increase its presence in key markets.
