July 15, 2026: AI startup Emergent has raised $130 million in a Series C funding round as it looks to expand its platform that enables businesses and individuals to create software applications using natural language prompts.
The funding values the San Francisco and Bengaluru based startup at $1.5 billion, up from its $300 million valuation during its Series B round in January.
Emergent plans to use the capital to expand its teams in the United States and India, accelerate product development and strengthen its global go to market operations.
Founded in 2024 by brothers Mukund Jha and Madhav Jha, Emergent is building an AI powered software development platform aimed at helping businesses create customised applications without depending on traditional engineering processes.
The company said its platform has already been used to build more than 12 million applications, with individuals and small businesses accounting for the majority of users.
𝗙𝗿𝗼𝗺 𝗜𝗱𝗲𝗮𝘀 𝘁𝗼 𝗔𝗽𝗽𝘀: 𝗘𝗺𝗲𝗿𝗴𝗲𝗻𝘁 𝗕𝘂𝗶𝗹𝗱𝘀 𝗮 𝗡𝗲𝘄 𝗠𝗼𝗱𝗲𝗹 𝗳𝗼𝗿 𝗦𝗼𝗳𝘁𝘄𝗮𝗿𝗲 𝗖𝗿𝗲𝗮𝘁𝗶𝗼𝗻
Emergent is focused on reducing the time and cost involved in building software for businesses that may not have access to large technology teams.
The company said traditional custom software development can cost businesses between $50,000 and $500,000, while applications created through Emergent can be developed at a lower cost ranging from $1,000 to $5,000.
Businesses are using the platform to create digital storefronts, marketplaces, enterprise resource planning systems, customer relationship management tools and financial dashboards.
Mukund Jha, co founder of Emergent, said the company’s objective is to allow businesses closest to a problem to build their own software solutions.
The startup is currently available in 190 countries, with the United States and Europe contributing significant portions of its revenue, followed by India.
Moving Towards AI Driven Business Operations
Emergent co founder Mukund Jha said the company chose to close the funding round at $130 million after evaluating its immediate business requirements, even though investor interest indicated the possibility of raising a larger amount. The startup decided to prioritise operational focus and move quickly into its next phase of growth rather than extend the fundraising process.
Jha said the new capital gives Emergent enough financial flexibility to continue expanding its team, improving its product and scaling operations for the next 18 months and beyond.
Emergent said its long term focus is to build a broader operating system that can help companies automate business processes from end to end.
The company believes smaller businesses could benefit significantly from platforms that allow them to build and manage digital tools without the cost and complexity associated with conventional software development.
The latest funding comes as investors increase their focus on startups developing AI platforms that can change how businesses create, deploy and use software.
The Series C round was led by Creaegis, with MNI Ventures, Claypond Capital and Sentinel Global joining as co lead investors. Existing investors Khosla Ventures, SoftBank Vision Fund 2, Lightspeed and Y Combinator also participated in the round.
With this investment, Emergent’s total funding has reached $230 million across three funding rounds.
