An Indian-founded AI startup called Emergent, which is developing a “vibe-coding” platform that uses artificial intelligence to help users build full-stack web and mobile applications, has raised $70 million in a Series B round. The funding, which values the company at $300 million post-money, comes less than four months after its $23 million Series A. The round was jointly led by SoftBank’s Vision Fund 2 and Khosla Ventures, with participation from Prosus, Lightspeed Venture Partners, Together, and Y Combinator. Emergent has now raised a total of $100 million within just seven months of its founding. The startup claims it has achieved $50 million in annual recurring revenue (ARR) and serves over 5 million users across more than 190 countries. It aims to grow its ARR beyond $100 million by April 2026. Emergent’s platform leverages AI agents to guide users through designing, building, testing, and deploying applications—targeting entrepreneurs and small businesses that want to launch products without needing large engineering teams. Founder Mukund Jha said the company is seeing strong demand in key markets including the U.S., Europe, and India. He highlighted the recent launch of a mobile app-building service that is gaining rapid adoption. While Emergent is headquartered in San Francisco, 70 of its 75 employees are based in Bengaluru, India, where the company is hiring aggressively across engineering, product, and design roles. Emergent competes with other AI-powered coding platforms like Lovable, Cursor, and Replit, which have also seen rapid growth by lowering the barrier to entry for app development. The startup’s ability to attract significant investment underscores growing investor confidence in the vibe-coding space. This trend was further reinforced by Accel’s $15 million seed round in Rocket, another India-based startup, last year. The deal also marks SoftBank’s return to investing in India after backing the e-commerce startup ElasticRun nearly four years ago. Emergent plans to use the new funds to expand its team, accelerate product innovation, and strengthen its presence in key global markets.