Indian AI startup Emergent raises $130 million Series C funding, valuation reaches $1.5 billion

Indian AI coding startup Emergent has completed a $130 million Series C financing round, with a post-money valuation reaching $1.5 billion, representing a significant increase from its $300 million valuation during its Series B round in January this year. The round was led by Creaegis, with participation from Khosla Ventures, SoftBank Vision Fund 2, Lightspeed, Y Combinator, and others, bringing the company's total cumulative funding to $230 million.