AI Startup Emergent Becomes Unicorn After Raising $130 Million in Series C Funding

AI Startup Emergent Raises $130 Million Series C, Achieves Unicorn Status

Artificial intelligence startup Emergent has raised $130 million in a Series C funding round, pushing its valuation to $1.5 billion and officially making it a unicorn. The latest investment was led by Creaegis, with MNI Ventures – Claypond Capital and Sentinel Global joining as co-lead investors.

Existing investors, including Khosla Ventures, SoftBank Vision Fund 2, Lightspeed, and Y Combinator, also participated in the funding round.

With the latest investment, Emergent has now raised $230 million across three funding rounds since its launch.

Funding to Drive Hiring and Product Expansion

The company said it will use the fresh capital to expand its workforce across the United States and India, accelerate product development, and strengthen its global go-to-market strategy.

Emergent operates from San Francisco and Bengaluru and was previously valued at $300 million during its Series B funding round in January 2026.

Building Software Using AI Without Coding

Founded in 2024 by brothers Mukund Jha and Madhav Jha, Emergent enables individuals and small businesses to create software applications using natural language prompts through its agentic AI platform.

Instead of writing code, users can describe what they need, and the platform generates production-ready applications designed for business use.

According to the company, more than 12 million applications have already been built using the platform, with most users being entrepreneurs and small businesses.

Helping Small Businesses Reduce Software Costs

Emergent says its platform significantly lowers the cost of custom software development.

The company shared the example of a truck fleet owner in the United States who replaced manual WhatsApp-based operations with a custom mobile application built using Emergent. The transition reportedly reduced annual software expenses from approximately $25,000 to around $100.

The startup believes AI can make custom software accessible to businesses that previously could not afford traditional software development.

Platform Available in 190 Countries

Emergent's AI platform is now available in 190 countries, serving customers across multiple industries.

The company stated that approximately one-third of its revenue comes from the United States, another one-third from Europe, while India contributes around 9% of total revenue.

Businesses use the platform to build applications such as:

• Enterprise Resource Planning (ERP) systems

• Customer Relationship Management (CRM) software

• Online marketplaces

• Digital storefronts

• Financial dashboards

• Workflow automation tools

Vision for AI-Powered Business Operations

Looking ahead, Emergent plans to evolve beyond application development by creating a comprehensive AI-powered operating system that enables businesses to automate their operations from end to end.

The company believes autonomous AI platforms will help small businesses compete more effectively by making enterprise-grade software affordable, accessible, and easier to build without programming expertise.