Emergent, the AI-powered “vibe-coding” platform founded barely a year ago, has closed a $130 million Series C round that values the company at $1.5 billion post-money.
The round was led by Creaegis, with participation from Claypond Capital, Sentinel Global, Khosla Ventures, SoftBank Vision Fund 2, Lightspeed, and Y Combinator. Total capital raised now sits at $230 million, and the company reports annualized recurring revenue of $120 million, up 70% in just four months.
From founding to unicorn in record time
The company was founded in June 2025 by brothers Mukund Jha (CEO) and Madhav Jha (CTO). By September 2025, they’d raised a $23 million Series A. By January 2026, they closed a $70 million Series B at a $300 million valuation. Now, six months later, they’re valued at five times that number.
The platform lets people who can’t code build software applications using natural language prompts. The company calls this “vibe-coding,” and it has attracted more than 200,000 paying customers.
