Emergent has raised $130 million in a Series C funding round that values the AI software creation platform at $1.5 billion, a fivefold increase in four months and enough to give it unicorn status a year after its public launch.
The round was led by Creaegis, with MNI Ventures-Claypond Capital and Sentinel Global as co-lead investors. Khosla Ventures, SoftBank Vision Fund 2, Lightspeed and Y Combinator also participated.
Emergent enables founders and business owners to build full-stack, production-ready web and mobile applications using autonomous AI agents.
The company is targeting entrepreneurs, small businesses, and non-technical builders that need custom software but may lack access to engineering talent.
More than 12 million applications have been built on the platform since its launch, according to the company.
Emergent said adoption has been particularly strong in the United States and Europe, while its presence is expanding across Southeast Asia, the Middle East, Australia, South America, and the broader Americas.
The latest funding comes as businesses increasingly turn to AI-powered tools to create software without relying on traditional development teams.
Conventional software development can be expensive, time-intensive and dependent on specialised skills, making it difficult for smaller businesses to build systems tailored to their needs.
Emergent allows users to create customer relationship management systems, enterprise resource planning tools, marketplaces, mobile applications, internal tools, customer-facing products, and operational systems.
Mukund Jha, Emergent’s co-founder and chief executive, said the broader impact of the AI revolution would be the “complete democratization” of who can build software, where it can be created and how much it costs.
“It’s about making software development accessible to the people closest to the problem, regardless of their technical knowledge,” Jha said.
He added that 70% of Emergent’s users had no prior coding experience, reflecting the company’s focus on non-technical entrepreneurs and small business owners.
The platform seeks to offer an alternative to generic software-as-a-service products, costly development shops, lightweight prototype tools and the challenge of finding technical talent.
Prakash Parthasarathy, managing partner at Creaegis, said small businesses had an opportunity to build, automate and operate using autonomous platforms, while addressing disadvantages they faced in the previous technology era.
Emergent was launched in 2025 and is also backed by Prosus, Together, and Google’s AI Futures Fund.
The company said the new capital would support its efforts to expand access to production-grade software and automation for entrepreneurs and businesses globally.