India-based AI coding startup Emergent has raised $130 million in a Series C round, reaching a post-money valuation of $1.5 billion, according to BlockBeats. The new valuation marks a sharp jump from the company’s $300 million valuation in its Series B financing in January this year. The round was led by Creaegis, with participation from Khosla Ventures, SoftBank Vision Fund 2, Lightspeed and Y Combinator. Following the latest raise, Emergent’s total funding has climbed to $230 million. The company focuses on entrepreneurs and small and medium-sized businesses, offering an integrated AI development platform that covers coding, deployment, hosting, testing and debugging. Emergent said its annualized revenue run rate has reached $120 million, with more than 200,000 paying customers. The company added that the new capital will be used for product development, improving AI agent workflow capabilities, and expanding its market footprint, including a possible office in Europe.
India-based AI coding startup Emergent has completed a $130 million Series C round at a post-money valuation of $1.5 billion, BlockBeats reported on July 15. The valuation is up sharply from the $300 million level the company reached during its Series B financing in January this year.
Creaegis led the round, while Khosla Ventures, SoftBank Vision Fund 2, Lightspeed and Y Combinator also participated. With the new financing, Emergent’s total funding has increased to $230 million.
Emergent mainly serves entrepreneurs and small and medium-sized businesses. The company offers an integrated AI development platform covering coding, deployment, hosting, testing and debugging.
The company said its annualized revenue run rate has reached $120 million, and it now has more than 200,000 paying customers.
According to the company, the fresh capital will be used to advance product research and development, improve AI agent workflow capabilities, and expand market reach, including a possible office in Europe.
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