Funding Alert: Tech Startups That Raked in Moolah This Month

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The Tech Panda takes a look at recent funding events in the tech ecosystem, seeking to know where the cash is flowing.

Engineering& Technology

Startup: Emergent

Sector: AI Software Creation

Amount: US$130 Million

Led by: Creaegis

Emergent, the fast-growing AI software creation platform that enables founders and business owners to build full-stack, production-ready web and mobile applications, announced a $130 million Series C funding. The round was led by Creaegis, with MNI Ventures – Claypond Capital and Sentinel Global as co-lead investors, and participation from Khosla Ventures, SoftBank Vision Fund 2, Lightspeed, and Y Combinator.

Mukund Jha, Co-founder and CEO, Emergent said, “The real impact of the AI revolution will be a complete democratization of who gets to build what software, where they get to build it, and how much it costs. It’s about making software development accessible to the people closest to the problem, regardless of their technical knowledge....

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