Indian software application creator startup Emergent raises $70 million in funding led by SoftBank Vision Fund and Khosla Ventures. Series B round follows $23 million Series A round from Lightspeed Venture Partners. Company has over 5 million users and $50 million in annual recurring revenue within seven months of launch.

SoftBank’s investment in Emergent marks its first in an Indian startup in over three years. Emergent co-founder and CEO plans to use funding to expand research and engineering teams in San Francisco and Bengaluru. Startup aims to advance products and research into coding agents, attracting interest in software building.

Khosla Ventures founder Vinod Khosla praises Emergent for shaping the future of software creation and monetization. Startup co-founder Mukund Jha, previously with Dunzo, foresees democratization of software building as a major trend. Funding will support development of new products and technology advancements.

Read more at Yahoo Finance: Indian AI startup Emergent raises $70 million in round led by SoftBank, Khosla Ventures