Home / Business and Economy / AI App Builder Emergent Raises $70M, Valued at $300M
AI App Builder Emergent Raises $70M, Valued at $300M
20 Jan
Summary
- Emergent raised $70 million in new funding, reaching a $300 million valuation.
- The startup helps build apps cheaply using AI and has rapid revenue growth.
- SoftBank's investment is its first in an Indian startup in over three years.
Emergent, a startup that enables users to build applications affordably using AI, has successfully raised $70 million in a new funding round, bringing its valuation to around $300 million. This latest financing, which includes participation from Khosla Ventures and SoftBank, follows a $23 million round just three months prior.
The company has experienced remarkable growth since its launch in 2025, achieving $50 million in annual recurring revenue and attracting over 5 million users across more than 190 countries. This funding is particularly notable for SoftBank, marking its first investment in an Indian startup in over three years.
Emergent's success is driven by its ability to help businesses and individuals create software at a fraction of the traditional cost, estimated at under $5,000 compared to $250,000-$500,000 at a dev shop. The fresh capital will be used to expand teams, accelerate product development, and enter new markets globally.
