Indian AI coding startup Emergent becomes a unicorn with $130M Series C

Emergent has raised $130 million in Series C funding at a $1.5 billion valuation, a five-fold increase in six months.

• Creaegis led the funding round, with participation from existing investors including Khosla Ventures and SoftBank’s Vision Fund 2.
• Emergent co-founder and CEO Mukund Jha said the startup has reached $120 million in annual run-rate revenue and serves over 200,000 paying customers.
• Jha said Emergent targets non-technical entrepreneurs and small businesses, distinguishing it from developer-focused tools like Replit and Claude Code.
• The startup plans to open an office in Europe and expand its San Francisco team by 30 to 40 employees by year-end.