Emergent Raises $23M Series A to Advance R&D and AI Platform

Emergent, founded by ex-Dunzo CTO Mukund Jha, raised $23M in Series A funding led by Lightspeed Ventures, with Y Combinator, Together Fund, Prosus, and angel investors participating. Its agentic AI platform enables autonomous app creation covering backend logic, APIs, and UIs via natural language. Combining proprietary models with LLMs like OpenAI and Gemini, Emergent has 1M users, $15M ARR, and targets the $146.2B custom software market.