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

SAN FRANCISCO – Emergent, an AI software creation platform that helps anyone build full-stack, production-ready web and mobile applications, has raised &dollar;70 million in Series B funding from Khosla Ventures and SoftBank Vision Fund 2, with participation from Prosus, Lightspeed, Together, and Y Combinator&period; In total, 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;&NewLine;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;&NewLine;Emergent works like a full development team with agents that design, build, test, and scale software end to end&period; The result is real, dependable software built in a fraction of the time and cost, giving both established and first-time business owners the speed, confidence, and leverage of the world’s most advanced technology companies, without the overhead&period; Most importantly, business builders can monetize their creation, going from idea to cash flow in hours&period; Emergent produces production-grade software, engineered to ship, paired with Stripe and other built-in billing providers, so your product is monetization-ready on launch&period;&NewLine;&OpenCurlyDoubleQuote;Software creation is undergoing a structural shift,” said Mukund Jha, 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, workflows, and products in days&period; As a result, many are generating new sources of income&period; By helping everyday people build and monetize their ideas, Emergent is stepping in to power the most crucial segment of the economy – small businesses and entrepreneurs&period;”&NewLine;Coming just tree months after Emergent raised &dollar;23 million in Series A funding, following a &dollar;7 million seed round, this marks one of the fastest Series A to Series B timelines in the AI category&period; In addition to new funding, 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, from small business owners to aspiring entrepreneurs&period;&NewLine;The Series B funding will support team growth, accelerated product development, 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;&NewLine;&OpenCurlyDoubleQuote;Emergent is growing at a pace we rarely see because it is tapping into a segment that has never been served,” said Vinod Khosla, founder of Khosla Ventures&period; &OpenCurlyDoubleQuote;When barriers to software creation fall this quickly, behavior changes across industries, not just within the technology sector&period; Emergent is early in shaping how software gets created and monetized over the next decade, not just the next product cycle, and its users are quick to share their success&period;”&NewLine;&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,” said Sarthak Misra, Partner at SoftBank Investment Advisers&period; &OpenCurlyDoubleQuote;We are excited to partner with Mukund, Madhav, and the Emergent team on a shared vision to help entrepreneurs worldwide turn ideas into businesses&period;”&NewLine;

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