Khosla Ventures, Softbank Lead $70 Million Series B in Emergent

<p dir&equals;"ltr"><strong>SAN FRANCISCO<&sol;strong> – <&sol;span>Emergent&comma; an AI software creation platform that helps anyone build full-stack&comma; production-ready web and mobile applications&comma; has raised &dollar;70 million in Series B funding from Khosla Ventures and SoftBank Vision Fund 2&comma; with participation from Prosus&comma; Lightspeed&comma; Together&comma; and Y Combinator&period; In total&comma; Emergent has now raised &dollar;100 million within seven months of launch&period; The funding comes as more than 5 million users are already building and shipping real products on Emergent across more than 190 countries&period;<&sol;p>&NewLine;<p dir&equals;"ltr">Emergent eliminates barriers for entrepreneurs by providing anyone who has a new business idea with the AI coding tools to make monetizable production-grade applications&period;<&sol;p>&NewLine;<p dir&equals;"ltr">Emergent works like a full development team with agents that design&comma; build&comma; test&comma; and scale software end to end&period; The result is real&comma; dependable software built in a fraction of the time and cost&comma; giving both established and first-time business owners the speed&comma; confidence&comma; and leverage of the world’s most advanced technology companies&comma; without the overhead&period; Most importantly&comma; business builders can monetize their creation&comma; going from idea to cash flow in hours&period; Emergent produces production-grade software&comma; engineered to ship&comma; paired with Stripe and other built-in billing providers&comma; so your product is monetization-ready on launch&period;<&sol;p>&NewLine;<p dir&equals;"ltr">&OpenCurlyDoubleQuote;Software creation is undergoing a structural shift&comma;” said Mukund Jha&comma; co-founder and CEO of Emergent&period; &OpenCurlyDoubleQuote;It used to be that only people with technical training or capital got to turn ideas into real products&period; Emergent flips that model&period; We are seeing millions of people build and ship real businesses&comma; workflows&comma; and products in days&period; As a result&comma; many are generating new sources of income&period; By helping everyday people build and monetize their ideas&comma; Emergent is stepping in to power the most crucial segment of the economy – small businesses and entrepreneurs&period;”<&sol;p>&NewLine;<p dir&equals;"ltr">Coming just tree months after Emergent raised &dollar;23 million in Series A funding&comma; following a &dollar;7 million seed round&comma; this marks one of the fastest Series A to Series B timelines in the AI category&period; In addition to new funding&comma; Emergent is also announcing it has achieved &dollar;50 million in ARR in just seven months since launch&period; Emergent is proving that removing technical barriers unlocks an entirely new class of software creators&comma; from small business owners to aspiring entrepreneurs&period;<&sol;p>&NewLine;<p dir&equals;"ltr">The Series B funding will support team growth&comma; accelerated product development&comma; and expansion into new markets as demand for AI-powered software creation among entrepreneurs and small businesses continues to scale&period; The investment from Khosla Ventures and SoftBank reflects growing confidence in Emergent&&num;8217&semi;s trajectory&period; The round follows recent backing from Google’s AI Futures Fund&period;<&sol;p>&NewLine;<p dir&equals;"ltr">&OpenCurlyDoubleQuote;Emergent is growing at a pace we rarely see because it is tapping into a segment that has never been served&comma;” said Vinod Khosla&comma; founder of Khosla Ventures&period; &OpenCurlyDoubleQuote;When barriers to software creation fall this quickly&comma; behavior changes across industries&comma; not just within the technology sector&period; Emergent is early in shaping how software gets created and monetized over the next decade&comma; not just the next product cycle&comma; and its users are quick to share their success&period;”<&sol;p>&NewLine;<p dir&equals;"ltr">&OpenCurlyDoubleQuote;Emergent is harnessing AI to unlock a massive wave of entrepreneurship by removing the technical and capital barriers that have historically limited who can build software&comma;” said Sarthak Misra&comma; Partner at SoftBank Investment Advisers&period; &OpenCurlyDoubleQuote;We are excited to partner with Mukund&comma; Madhav&comma; and the Emergent team on a shared vision to help entrepreneurs worldwide turn ideas into businesses&period;”<&sol;p>&NewLine;

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