Emergent Secures $70M Funding from Khosla Ventures, SoftBank at $300M Valuation

• Emergent, an AI-powered "vibe coding" platform, raised $70 million in a funding round led by Khosla Ventures ($35M) and SoftBank ($25M).
• The funding round values Emergent at $300 million, highlighting continued investor interest in AI startups.
• Funds will be used for new product launches, enhancing smartphone offerings, B2B sales, hiring, and establishing a European office.
• Emergent's annual recurring revenue (ARR) has grown from $25 million to $50 million in under two months, with a user base of 5 million across 190 countries.
• The startup, co-founded by Mukund Jha (ex-Google, Dunzo) and Madhav Jha (ex-Amazon AI), offers a no-code AI app builder for web and mobile.

Why It Matters: Emergent's $70M funding round underscores rapid growth and strong investor confidence in its AI app-building platform.