Archive · 20 Jan 2026

Emergent raises $70M for AI software expansion

Emergent raises $70M for AI software expansion

Emergent is a company that helps people create software using AI.

Instead of writing complex code, users can describe what they want to build, and the AI generates the code for them.

Emergent recently raised $70 million from investors like Khosla Ventures and SoftBank.

This money will help them hire more engineers, improve their product, and prepare to work with bigger companies.

The company is currently focused on individual users and small businesses but plans to enter the enterprise market soon.

They believe their technology can make software development faster and more accessible, even for those without deep technical skills.

Emergent has seen rapid growth, with over 5 million users across 190 countries and an annual recurring revenue of $50 million.

They expect to double this revenue by April 2026.

Sources