Emergent joins AI unicorn club with $130 million fundraise
AI coding startup Emergent has become India’s latest unicorn after raising $130 million in a Series C funding round led by Creaegis, with participation from MNI Ventures-Claypond Capital, Sentinel Global, Khosla Ventures, SoftBank, Lightspeed and Y Combinator.
The round values the San Francisco-headquartered company at $1.5 billion, underscoring the rapid pace at which artificial intelligence startups are scaling globally.
The company is the sixth Indian startup to attain unicorn status this year and the second AI startup after Sarvam to achieve the milestone in recent months.
