Emergent, an AI software creation platform that enables founders and business owners to build full-stack, production-ready web and mobile applications, has entered the unicorn club following a $130 million Series C funding round.
The round was led by Creaegis, with MNI Ventures–Claypond Capital and Sentinel Global participating as co-lead investors. Existing investors, including Khosla Ventures, SoftBank Vision Fund 2, Lightspeed and Y Combinator also took part in the round.
The company was valued at $1.5 billion in the latest round, achieving unicorn status within a year of its public launch.
Since its launch, Emergent claims that more than 12 million applications have been built on its platform by users worldwide, including entrepreneurs and small business owners with no technical background.
“The real impact of the AI revolution will be a complete democratisation of who gets to build what software, where they get to build it, and how much it costs. It’s about making software development accessible to the people closest to the problem, regardless of their technical knowledge. With a platform like Emergent, the people who have great ideas and deep domain expertise can now build and run the software their business needs to succeed at a fraction of the cost,” said Mukund Jha, Co-founder and CEO, Emergent.
Emergent said it is addressing one of the biggest barriers in technology creation: access to engineering talent. While businesses increasingly need custom software to operate and scale, traditional development remains expensive, time-intensive and dependent on specialized skills.
The company’s platform enables users to build a range of products, including CRMs, ERPs, marketplaces, mobile applications and internal tools, using autonomous AI agents, reducing reliance on traditional, resource-intensive development processes.
