Emergent Raises $23 Million to Scale AI Agents That Build Apps

Overview

• Emergent raised $23 million in a Series A led by Lightspeed, with participation from Y Combinator, Together Fund, Prosus, and angels Jeff Dean, Devendra Chaplot, and Balaji Srinivasan.
• The financing brings total funding to about $30 million, with the company saying it will invest in AI research, hiring, global scaling, and features for app discovery and monetization.
• The platform lets non-technical users create full‑stack, production‑ready applications via natural‑language prompts to autonomous AI agents that handle coding, testing, deployment, and maintenance.
• Emergent uses a hybrid model stack that blends proprietary fine‑tuned systems with leading LLMs; it currently ships mobile apps via Expo and says it plans to launch a native mobile builder.
• The company reports rapid early traction since launch, claiming more than 1 million users, over 1.5 million apps created, and roughly $15 million in annual recurring revenue within about 90 days.