Emergent, an innovative platform focused on "agent-based ambient coding," recently successfully completed a $23 million Series A funding round. The round was led by Lightspeed, with participation from Together Fund, Y Combinator, Prosus Ventures, and several notable individuals such as Jeff Dean, Devendra Chaplot, and Balaji Srinivasan. This funding brought Emergent's total funding to $30 million, including a $7 million seed round supported by Y Combinator and Together Fund.
Image source note: The image is AI-generated, and the image licensing service is Midjourney
Emergent's product has gained rapid market recognition, achieving over $15 million in annual recurring revenue (ARR) within 90 days. This milestone has enabled more than 1 million users to create over 1.5 million applications. Mukund Jha, founder and CEO of Emergent, said: "Emergent addresses technical barriers in starting or growing a business. As the only ambient coding platform, we enable users to build highly customizable, production-ready applications, opening up new possibilities for everyone — not just software engineers."
The platform's key feature is that it allows individuals without programming experience to engage in software development. Emergent's technology, including its proprietary AI coding agent, ensures security and reliability. Hemant Mohapatra, a partner at Lightspeed, said: "Emergent simplifies the complexity of software to a level that everyone can easily handle. We are excited to support them on this exciting journey."
Currently, Emergent's platform is ready for user use, offering out-of-the-box applications with automatic login, payments, backend, and scalability. This transformative move marks an expansion of the participants and beneficiaries of software creation. The platform enables small business owners, solo founders, or creators to build and launch production-ready software without any coding.
Key Points:
🌟 Emergent successfully raised $23 million in Series A funding, bringing total funding to $30 million.
🚀 The platform helped over 1 million users create over 1.5 million applications within 90 days.
💻 Emergent enables users without programming experience to easily develop and launch software applications.
