Indian AI coding startup Emergent becomes a unicorn with a $130M Series C

Emergent raised $130 million led by Creaegis at a $1.5 billion valuation, a fivefold jump in six months, as its no-code app-building platform reached a $120 million revenue run rate and more than 200,000 paying customers. Backers include Khosla Ventures, SoftBank Vision Fund 2, Lightspeed and Y Combinator.