# Emergent revenue, valuation & funding

Markdown copy of https://realalpha.app/companies/emergent/ on Real Alpha, the best minutes from long interviews with the people building AI. Cite and link the page, not this copy.

Emergent was valued at $1.5B in its July 2026 Series C, when it reported a $120M yearly revenue run rate. It's a private company, and its CEO said in October 2026 that it has no set target for going public.

Checked Nov 8, 2026

## At a glance

- Valuation: $1.5B at its Series C in July 2026, up from $300M in January 2026.
- Revenue: a $120M yearly run rate in July 2026, as reported by TechCrunch.
- Status: private. No stock ticker. Its CEO said in October 2026 there is no set target for a listing.
- Founded: by twin brothers Mukund Jha and Madhav Jha. Its platform launched in 2025.
- CEO: Mukund Jha, co-founder.
- Investors: Creaegis, Khosla Ventures, SoftBank Vision Fund 2, Lightspeed, Y Combinator and Google's AI Futures Fund, among others.
- Products: the Emergent vibe coding platform, the Emergent AI mobile app and Wingman, an autonomous agent.
- Headquarters: San Francisco, though 70 of its 75 employees worked in Bengaluru in January 2026.

## Is Emergent public? Can you buy its stock?

No. Emergent is a private company, so its shares don't trade on any stock exchange and it has no ticker symbol.

Asked about a public listing in an October 2026 interview, CEO Mukund Jha said Emergent has no set target, according to [Emergent's blog](https://emergent.sh/news/emergent-ceo-mukund-jha-tells-et-how-vibe-coding-is-turning-small-businesses-into-software-builders). No IPO filing has been reported.

Its shares are held privately. Its backers include Creaegis, Khosla Ventures, SoftBank Vision Fund 2 and Lightspeed, and no stake sizes were disclosed in its [Series C announcement](https://www.businesswire.com/news/home/20260715082819/en/Emergent-Raises-Series-C-at-%241.5B-Valuation-to-Help-Entrepreneurs-and-SMBs-Build-the-Software-Their-Businesses-Run-On). This page reports facts and gives no investment advice.

## Valuation, round by round

Its valuation went from $300M in January 2026 to $1.5B in July 2026, five times in six months.

- Jul 2026 · $1.5B · $130M · Creaegis · [Business Wire (Emergent press release)](https://www.businesswire.com/news/home/20260715082819/en/Emergent-Raises-Series-C-at-%241.5B-Valuation-to-Help-Entrepreneurs-and-SMBs-Build-the-Software-Their-Businesses-Run-On)
- Jan 2026 · $300M · $70M · SoftBank Vision Fund 2 and Khosla Ventures · [TechCrunch](https://techcrunch.com/2026/01/20/indian-vibe-coding-startup-emergent-raises-70m-at-300m-valuation-from-softbank-khosla-ventures/)
- Sep 2025 · — · $23M · Lightspeed · [Business Wire (Emergent press release)](https://www.businesswire.com/news/home/20250924838488/en/Emergent-Announces-$23M-Launches-a-Vibe-Coding-Platform-for-Small-Businesses-and-Everyday-Entrepreneurs-Unlocking-Who-Can-Build-and-Sell-Software)

Emergent also raised a $7M seed before its Series A, bringing total funding to $30M by September 2025. Google's AI Futures Fund invested in December 2025, but the amount, the seed's date and the Series A valuation weren't disclosed.

## Revenue

Emergent's revenue figures are run rates given with its funding and product news. They rose from over $15M in September 2025 to $120M in July 2026, about eight times.

- Jul 2026 · $120M · Reported · [TechCrunch](https://techcrunch.com/2026/07/15/indian-ai-coding-startup-emergent-becomes-a-unicorn-just-over-a-year-after-launch/)
- Feb 2026 · $100M · Company · [Business Wire](https://www.businesswire.com/news/home/20260217938088/en/Emergent-Reaches-$100M-ARR-in-8-Months-Becoming-One-of-the-Fastest-Growing-Vibe-Coding-Platforms)
- Jan 2026 · $50M · Reported · [TechCrunch](https://techcrunch.com/2026/01/20/indian-vibe-coding-startup-emergent-raises-70m-at-300m-valuation-from-softbank-khosla-ventures/)
- Dec 2025 · $25M · Reported · [Business Standard](https://www.business-standard.com/companies/start-ups/emergent-secures-strategic-investment-from-google-s-ai-futures-fund-125120801285_1.html)
- Sep 2025 · $15M · Company · [Business Wire (Emergent press release)](https://www.businesswire.com/news/home/20250924838488/en/Emergent-Announces-$23M-Launches-a-Vibe-Coding-Platform-for-Small-Businesses-and-Everyday-Entrepreneurs-Unlocking-Who-Can-Build-and-Sell-Software)

A run rate is a month's revenue times twelve. It isn't a year's audited revenue.

## How Emergent makes money

Emergent earns revenue through subscriptions, usage-based pricing, and deployment and hosting fees, Mukund Jha told [TechCrunch](https://techcrunch.com/2026/02/17/emergent-hits-100m-arr-eight-months-after-launch-rolls-out-mobile-app) in February 2026. He said then that gross margins were improving every month.

In October 2026 he said margins were improving as Emergent routes tasks between frontier and open-source models, according to [Emergent's blog](https://emergent.sh/news/emergent-ceo-mukund-jha-tells-et-how-vibe-coding-is-turning-small-businesses-into-software-builders).

- **Standard.** $20 a month, or $17 a month billed annually, for first-time builders. · [Emergent's pricing page](https://emergent.sh/pricing)
- **Pro.** $200 a month, or $167 a month billed annually. · [Emergent's pricing page](https://emergent.sh/pricing)
- **Teams.** Plans for teams start at $250 a month. Each plan comes with monthly build credits. · [Emergent's website](https://emergent.sh)
- **Free tier.** Sacra describes a free tier alongside the paid plans. · [Sacra](https://sacra.com/c/emergent/)

## Products

- **Emergent** (launched 2025). A vibe coding platform that builds full-stack apps with autonomous AI agents. · [Business Wire](https://www.businesswire.com/news/home/20260217938088/en/Emergent-Reaches-$100M-ARR-in-8-Months-Becoming-One-of-the-Fastest-Growing-Vibe-Coding-Platforms)
- **Emergent AI** (February 17, 2026). A mobile app for building apps and publishing them to the App Store and Google Play. · [Business Wire](https://www.businesswire.com/news/home/20260217938088/en/Emergent-Reaches-$100M-ARR-in-8-Months-Becoming-One-of-the-Fastest-Growing-Vibe-Coding-Platforms)
- **Wingman** (April 15, 2026). An autonomous agent that works across the tools businesses already use to manage ongoing tasks. · [Business Wire](https://www.businesswire.com/news/home/20260415413794/en/Meet-Wingman-Emergents-Autonomous-Agent-That-Puts-a-Personal-Assistant-in-the-Hands-of-Everyone)

## Users and usage

Emergent reported more than 200,000 paying customers at its July 2026 Series C, according to [TechCrunch](https://techcrunch.com/2026/07/15/indian-ai-coding-startup-emergent-becomes-a-unicorn-just-over-a-year-after-launch/). Its larger counts measure people who have built on the platform, paying or not.

- **December 2025.** More than 2.5 million users, reached in under five months. · [Business Standard](https://www.business-standard.com/companies/start-ups/emergent-secures-strategic-investment-from-google-s-ai-futures-fund-125120801285_1.html)
- **January 2026.** More than 5 million users across 190-plus countries. · [TechCrunch](https://techcrunch.com/2026/01/20/indian-vibe-coding-startup-emergent-raises-70m-at-300m-valuation-from-softbank-khosla-ventures/)
- **February 2026.** More than six million builders had created over seven million apps. · [Business Wire](https://www.businesswire.com/news/home/20260217938088/en/Emergent-Reaches-$100M-ARR-in-8-Months-Becoming-One-of-the-Fastest-Growing-Vibe-Coding-Platforms)
- **April 2026.** More than eight million founders and business owners across 190+ countries had used it. · [Business Wire](https://www.businesswire.com/news/home/20260415413794/en/Meet-Wingman-Emergents-Autonomous-Agent-That-Puts-a-Personal-Assistant-in-the-Hands-of-Everyone)
- **July 2026.** More than 200,000 paying customers. · [TechCrunch](https://techcrunch.com/2026/07/15/indian-ai-coding-startup-emergent-becomes-a-unicorn-just-over-a-year-after-launch/)
- **Homepage.** Says it is trusted by 10M+ creators, with 15M+ apps created. The claim is undated. · [Emergent's website](https://emergent.sh)

## Leadership

Emergent had 75 employees in January 2026, and 70 of them worked from its Bengaluru office, [TechCrunch](https://techcrunch.com/2026/01/20/indian-vibe-coding-startup-emergent-raises-70m-at-300m-valuation-from-softbank-khosla-ventures/) reported.

- **Mukund Jha,** co-founder and CEO. · [Emergent's blog](https://emergent.sh/news/emergent-ceo-mukund-jha-tells-et-how-vibe-coding-is-turning-small-businesses-into-software-builders)
- **Madhav Jha,** co-founder, and Mukund Jha's twin brother. · [Business Standard](https://www.business-standard.com/companies/start-ups/emergent-secures-strategic-investment-from-google-s-ai-futures-fund-125120801285_1.html)

## Who owns Emergent?

Emergent is privately held and has no parent company. No stake sizes have been disclosed, per its [Series C release](https://www.businesswire.com/news/home/20260715082819/en/Emergent-Raises-Series-C-at-%241.5B-Valuation-to-Help-Entrepreneurs-and-SMBs-Build-the-Software-Their-Businesses-Run-On).

- **Creaegis** led the $130M Series C in July 2026, joined by Claypond and Sentinel Global. · [Business Wire (Emergent press release)](https://www.businesswire.com/news/home/20260715082819/en/Emergent-Raises-Series-C-at-%241.5B-Valuation-to-Help-Entrepreneurs-and-SMBs-Build-the-Software-Their-Businesses-Run-On)
- **Khosla Ventures and SoftBank Vision Fund 2** jointly led the $70M Series B in January 2026. · [TechCrunch](https://techcrunch.com/2026/01/20/indian-vibe-coding-startup-emergent-raises-70m-at-300m-valuation-from-softbank-khosla-ventures/)
- **Lightspeed** led the $23M Series A in September 2025. · [Business Wire (Emergent press release)](https://www.businesswire.com/news/home/20250924838488/en/Emergent-Announces-$23M-Launches-a-Vibe-Coding-Platform-for-Small-Businesses-and-Everyday-Entrepreneurs-Unlocking-Who-Can-Build-and-Sell-Software)
- **Google's AI Futures Fund** made a strategic investment in December 2025. The amount wasn't disclosed. · [Business Standard](https://www.business-standard.com/companies/start-ups/emergent-secures-strategic-investment-from-google-s-ai-futures-fund-125120801285_1.html)
- **Y Combinator, Prosus and Together** are also among its backers. · [Business Wire (Emergent press release)](https://www.businesswire.com/news/home/20260715082819/en/Emergent-Raises-Series-C-at-%241.5B-Valuation-to-Help-Entrepreneurs-and-SMBs-Build-the-Software-Their-Businesses-Run-On)

## Competitors

[TechCrunch](https://techcrunch.com/2026/01/20/indian-vibe-coding-startup-emergent-raises-70m-at-300m-valuation-from-softbank-khosla-ventures/) reports that Emergent competes with Lovable, Cursor and Replit.

- **[Lovable](https://realalpha.app/companies/lovable/),** named by TechCrunch as a competitor. · [TechCrunch](https://techcrunch.com/2026/01/20/indian-vibe-coding-startup-emergent-raises-70m-at-300m-valuation-from-softbank-khosla-ventures/)
- **[Cursor](https://realalpha.app/companies/#cursor),** named by TechCrunch as a competitor. · [TechCrunch](https://techcrunch.com/2026/01/20/indian-vibe-coding-startup-emergent-raises-70m-at-300m-valuation-from-softbank-khosla-ventures/)
- **[Replit](https://realalpha.app/companies/replit/),** named by TechCrunch as a competitor. · [TechCrunch](https://techcrunch.com/2026/01/20/indian-vibe-coding-startup-emergent-raises-70m-at-300m-valuation-from-softbank-khosla-ventures/)

## Timeline and latest news

- Oct 27, 2026 · Mukund Jha said Emergent has no set target for a public listing. · [Emergent's blog](https://emergent.sh/news/emergent-ceo-mukund-jha-tells-et-how-vibe-coding-is-turning-small-businesses-into-software-builders)
- Jul 15, 2026 · Raised a $130M Series C at a $1.5B valuation, led by Creaegis. · [Business Wire (Emergent press release)](https://www.businesswire.com/news/home/20260715082819/en/Emergent-Raises-Series-C-at-%241.5B-Valuation-to-Help-Entrepreneurs-and-SMBs-Build-the-Software-Their-Businesses-Run-On)
- Jul 15, 2026 · Reported a $120M run rate and more than 200,000 paying customers. · [TechCrunch](https://techcrunch.com/2026/07/15/indian-ai-coding-startup-emergent-becomes-a-unicorn-just-over-a-year-after-launch/)
- Apr 15, 2026 · Launched Wingman, an autonomous agent for ongoing tasks. · [Business Wire](https://www.businesswire.com/news/home/20260415413794/en/Meet-Wingman-Emergents-Autonomous-Agent-That-Puts-a-Personal-Assistant-in-the-Hands-of-Everyone)
- Apr 15, 2026 · Said more than eight million founders and business owners had used its platform. · [Business Wire](https://www.businesswire.com/news/home/20260415413794/en/Meet-Wingman-Emergents-Autonomous-Agent-That-Puts-a-Personal-Assistant-in-the-Hands-of-Everyone)
- Feb 17, 2026 · Launched its mobile app, Emergent AI. · [Business Wire](https://www.businesswire.com/news/home/20260217938088/en/Emergent-Reaches-$100M-ARR-in-8-Months-Becoming-One-of-the-Fastest-Growing-Vibe-Coding-Platforms)
- Feb 17, 2026 · Announced a $100M run rate, eight months after launch. · [Business Wire](https://www.businesswire.com/news/home/20260217938088/en/Emergent-Reaches-$100M-ARR-in-8-Months-Becoming-One-of-the-Fastest-Growing-Vibe-Coding-Platforms)
- Jan 20, 2026 · Raised a $70M Series B at a $300M valuation, led by SoftBank Vision Fund 2 and Khosla Ventures. · [TechCrunch](https://techcrunch.com/2026/01/20/indian-vibe-coding-startup-emergent-raises-70m-at-300m-valuation-from-softbank-khosla-ventures/)
- Jan 20, 2026 · Said it had $50M in annual recurring revenue. · [TechCrunch](https://techcrunch.com/2026/01/20/indian-vibe-coding-startup-emergent-raises-70m-at-300m-valuation-from-softbank-khosla-ventures/)
- Dec 9, 2025 · Secured a strategic investment from Google's AI Futures Fund. · [Business Standard](https://www.business-standard.com/companies/start-ups/emergent-secures-strategic-investment-from-google-s-ai-futures-fund-125120801285_1.html)
- Dec 9, 2025 · Said it had passed a $25M run rate. · [Business Standard](https://www.business-standard.com/companies/start-ups/emergent-secures-strategic-investment-from-google-s-ai-futures-fund-125120801285_1.html)
- Sep 24, 2025 · Raised a $23M Series A led by Lightspeed. · [Business Wire (Emergent press release)](https://www.businesswire.com/news/home/20250924838488/en/Emergent-Announces-$23M-Launches-a-Vibe-Coding-Platform-for-Small-Businesses-and-Everyday-Entrepreneurs-Unlocking-Who-Can-Build-and-Sell-Software)

## Questions people ask

### Is Emergent a public company? Can I buy Emergent stock?

No. Emergent is private and has no ticker, so its shares aren't sold on any exchange.

### When will Emergent IPO?

Its CEO said in October 2026 that it has no set target for a listing, according to [Emergent's blog](https://emergent.sh/news/emergent-ceo-mukund-jha-tells-et-how-vibe-coding-is-turning-small-businesses-into-software-builders). No filing has been reported.

### Who owns Emergent?

It's privately held, with backers including Creaegis, Khosla Ventures, SoftBank Vision Fund 2, Lightspeed, Y Combinator and Google's AI Futures Fund. Stakes haven't been disclosed, and it has no parent company.

### Who is the CEO of Emergent?

Mukund Jha, who co-founded the company.

### Who founded Emergent?

Twin brothers Mukund Jha and Madhav Jha.

### How much is Emergent worth?

$1.5B at its Series C in July 2026, per its [Business Wire release](https://www.businesswire.com/news/home/20260715082819/en/Emergent-Raises-Series-C-at-%241.5B-Valuation-to-Help-Entrepreneurs-and-SMBs-Build-the-Software-Their-Businesses-Run-On). It was valued at $300M in January 2026.

### How much revenue does Emergent make?

A $120M yearly run rate in July 2026, as reported by [TechCrunch](https://techcrunch.com/2026/07/15/indian-ai-coding-startup-emergent-becomes-a-unicorn-just-over-a-year-after-launch/). That's up from over $15M in September 2025.

### Is Emergent profitable?

No profit or loss figures have been reported. Mukund Jha said in October 2026 that margins were improving, according to [Emergent's blog](https://emergent.sh/news/emergent-ceo-mukund-jha-tells-et-how-vibe-coding-is-turning-small-businesses-into-software-builders).

### How does Emergent make money?

Through subscriptions, usage-based pricing, and deployment and hosting fees. Paid plans run from $20 to $200 a month, with team plans from $250.

### How many people use Emergent?

It said more than eight million founders and business owners had used it by April 2026. It had more than 200,000 paying customers in July 2026.

## How this page is sourced

Each figure links to the filing, company statement or news report it came from, with its date. Run rates are what reporters were told, not audited results; estimates and unconfirmed reports are marked. Quotes are what each person said on the record, with the minute they said it.