AI Coding Startup Secures Funding for Development

Emergent, an AI coding platform founded by Dunzo cofounder Mukund Jha, has successfully secured investment from AI Futures Fund to enhance its platform's capabilities. The startup, based in Bengaluru, India, has rapidly grown since its inception in 2025, attracting millions of users with its innovative approach to app development using AI agents.

Founding and Growth of Emergent

Emergent was founded in 2025 by Mukund Jha, drawing on his experience as a cofounder of Dunzo. The company has quickly scaled to a team of 40 members and has captured the attention of the tech community with its AI-driven platform. The platform focuses on the AI application layer and enterprise AI, offering tools that enable users to build applications with the help of AI agents. This approach has resonated with a wide audience, leading to a user base that is nearing 8 million.

In just a year since its founding, Emergent has amassed 3 million active users, with numbers climbing from 2.3 million active users reported in July. The platform's popularity is underscored by its ability to facilitate the creation of 100,000 new products daily. Emergent aims to democratize app development, targeting 99% of non-coders and allowing broader access to complex technologies.

Lovable and Its Impact on the Market

One of Emergent's standout offerings is Lovable, an AI tool that originated from the GPT Engineer tool. Lovable has positioned itself as a key player in the market, with more than half of Fortune 500 companies reportedly utilizing the tool. Its design targets non-coders, making it accessible and practical for a wide range of users. The company emphasizes security and reliability, with security engineers being a top hiring priority to ensure rigorous security checks are in place before deployment.

Users who create sensitive applications have access to security experts, ensuring that their projects meet high security standards. This commitment to security and user trust has solidified Lovable's reputation in the industry. Despite the competitive landscape, there is a belief within Emergent that the market is large enough to accommodate multiple successful players.

Future Developments and Funding Utilization

The funding from AI Futures Fund will be directed towards enhancing Emergent's platform, particularly in areas of collaboration and governance capabilities. New features are planned to cater to the needs of large organizations, reflecting the company's commitment to scaling its offerings in line with user demands. Additionally, the platform will see more third-party software integrations, broadening its utility and appeal.

The investment marks a pivotal moment for Emergent, providing the necessary resources to further develop its technology and maintain its growth trajectory. As the company continues to innovate, it remains focused on delivering robust solutions that meet the evolving needs of its diverse user base.

Parallel Developments in AI Technology

In a related development, Edison Scientific has raised $70 million to advance AI research. The funding is intended to support the development of new AI technologies, highlighting a broader trend of investment in AI innovation.

This influx of capital into AI research showcases the industry's momentum and underscores the importance of continued investment in technological advancement. As companies like Emergent and Edison Scientific push the boundaries of what AI can achieve, the landscape of app development and AI applications is poised for significant transformation.

Overall, the funding secured by Emergent and other players in the AI space reflects a growing confidence in the potential of AI-driven solutions to revolutionize various industries. As these technologies mature, they are likely to play an increasingly integral role in shaping the future of technology and business.