Indian AI coding startup Emergent becomes a unicorn with $130M Series C

Indian AI coding startup Emergent has raised $130 million in a Series C funding round at a $1.5 billion post-money valuation, a five-fold jump in six months.

The funding round was led by private equity firm Creaegis. New investors MNI Ventures-Claypond, Sentinel Global, and existing backers Khosla Ventures, SoftBank’s Vision Fund 2, Lightspeed, and Y Combinator also participated. The deal takes Emergent’s total funding to $230 million. The startup had previously raised a $70 million Series B at a $300 million valuation in January.

AI coding has attracted hordes of investors, with startups such as Lovable , Replit , and Cursor raising billions in funding to develop tools that allow developers to speed up their work. AI labs such as OpenAI and Anthropic have also pushed deeper into coding .