AI-first app development platform Emergent has raised $23 million in a Series A round led by Lightspeed, with participation from Together Fund, Y Combinator, Prosus Ventures, and angel investors including Jeff Dean, Devendra Chaplot, and Balaji Srinivasan. The funding brings Emergent’s total capital raised to $30 million, following a $7 million seed round earlier this year.
Building Without Developers
Founded in 2025 by Mukund Jha and his brother, Emergent enables users to create, launch, and scale apps instantly without technical expertise or large engineering teams. Its subscription-based platform handles everything—UI, logins, payments, backend servers, and scaling—powered by autonomous AI agents that code, test, and deploy apps in real time.
Growth Story
Despite being just 90 days old, Emergent has reported $15 million in annual recurring revenue (ARR) and attracted over one million users globally. Collectively, users have built more than 1.5 million apps on the platform.
Early adopters include:
- A Michigan-based jewellery retailer building a pricing management system across 50 stores
- Small businesses digitizing inventory and operations
- Founders developing consumer-facing applications such as EV marketplaces
Use of Funds
The fresh capital will fuel team expansion, R&D investment, and global scaling, with a new North America hub in Palo Alto. The company aims to position itself as a global leader in AI-native app development.
Market Watch
The AI-powered app building space is heating up. Just weeks ago, rival Rocket raised $15 million in seed funding led by Salesforce Ventures and Accel. With differentiated technology and rapid traction, Emergent is betting on scale and speed to carve a leadership position in this emerging category.
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