Emergent Raises £50m Series B from Khosla and SoftBank as AI App Platform Hits £40m ARR

Emergent, the AI-powered app development platform co-founded by Mukund Jha and Madhav Jha, has raised £50m in Series B funding co-led by Khosla Ventures and SoftBank Vision Fund 2, with participation from Prosus, Lightspeed, Together and Y Combinator. The round brings total funding to £75m within seven months of the company's launch and arrives as Emergent reports £40m in annualised recurring revenue, growth driven by more than 5 million users building and shipping products across more than 190 countries. The round values Emergent at approximately $300m post-money, tripling its valuation from the Series A just three months earlier.

Software development has long been gated by two resources: technical skill and capital. Building a production-grade application has historically required a team of engineers, months of development time and budgets that put the process out of reach for most small businesses and solo entrepreneurs. Despite growing demand from would-be founders — one in three US adults reportedly plans to start a business or side hustle in 2026 — the infrastructure to turn ideas into revenue-generating software quickly and affordably has simply not existed at the market level.

Emergent's platform operates like a full development team, with AI agents that handle design, backend construction, API integration, frontend development, testing, debugging and deployment in response to plain-language instructions. The result is production-ready software rather than prototypes: applications are engineered for reliability and scale from day one, and integrate directly with billing providers including Stripe so users can begin generating revenue immediately. The company's hybrid AI stack combines its own fine-tuned models with large language models from OpenAI, Anthropic and Google Gemini, balancing reliability, speed and scalability.

The pace of Emergent's growth is exceptional even by the standards of the current AI cycle. Annual recurring revenue expanded from $100k to $50m in seven months, and the company is targeting $100m ARR by April 2026. The Series B arrives just three months after a £17m Series A and follows a £5m seed round, making the A-to-B timeline one of the fastest in the category. Google's AI Futures Fund also made a strategic investment in the business prior to this round.

Khosla Ventures founder Vinod Khosla described Emergent as tapping into a segment of the market that had never previously been served, with behaviour changing across industries as software creation barriers fall. SoftBank Investment Advisers partner Sarthak Misra highlighted Emergent's potential to unlock a new wave of entrepreneurship. New capital will support continued hiring, product development and global market expansion as the platform scales beyond early adopters into more complex use cases for small businesses and entrepreneurs.

Sources

• Soapbox VC – Emergent announces a £50m Series B led by Khosla Ventures and SoftBank
• TechCrunch – Indian vibe-coding startup Emergent triples valuation to $300M with $70M fundraise
• Tech Funding News – Emergent raises $70M from Khosla, SoftBank after hitting $50M ARR
• YourStory – Dunzo co-founder's vibe-coding startup Emergent raises $70M