Emergent raises $130 million Series C, hits $1.5 billion valuation

Key Points

• Emergent closed a $130 million Series C round, valuing the company at $1.5 billion.
• Creaegis led the round; new investors include MNI Ventures‑Claypond and Sentinel Global.
• Total funding now stands at $230 million after a $70 million Series B earlier this year.
• Annual run‑rate revenue reached $120 million, up 70 percent in four months.
• More than 200,000 customers use the platform, spanning trucking, factories, construction and property management.
• Revenue split: roughly one‑third from North America, one‑third from Europe, 8‑9 % from India.
• Competitors include Replit, Claude Code, Codex and Cursor; Emergent emphasizes end‑to‑end application delivery.
• Funding will fund product upgrades, support for complex AI models, and go‑to‑market expansion.
• Plans to open a European office and add 30‑40 staff to the San Francisco team by year‑end.
• Company employs about 200 people, primarily in Bengaluru.