Emergent raises Series C funding round led by Creaegis at unicorn valuation
The funding round saw participation from Claypond, Sentinel Global, Khosla Ventures, SoftBank Vision Fund 2, Lightspeed, and Y Combinator.
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The funding round saw participation from Claypond, Sentinel Global, Khosla Ventures, SoftBank Vision Fund 2, Lightspeed, and Y Combinator.
The acquisition is expected to bolster its position in the fast-growing AI coding market, where rivals Anthropic and OpenAI and Anthropic have gained significant traction.
This will allow the developers on Codex to add payments system by enabling Razorpay's MCP Server while building an app.
The funding round saw contribution from investors including G Squared, Prysm Capital, Coatue, Andreessen Horowitz (a16z), Craft Ventures, Y Combinator, Accenture Ventures, Okta Ventures and Databricks Ventures.
Last year, Razorpay had tied up with OpenAI and the National Payments Corporation of India (NPCI) for agentic AI payments.
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The funding round saw participation from Prosus, Lightspeed, Together, and Y Combinator.
Emergent will use the fresh capital for product development, and global and team expansion.
Claude Code on the web will currently only be available in beta as a research preview for Pro and Max users.
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The model also shows improved capabilities on a broad range of evaluations including reasoning and math.
Earlier, the startup had raised $5.5 million in seed funding round from Bessemer Venture Partners, Uncork Capital, and Shopify CEO Tobi Lütke.
Based in Gujarat's Surat city, known for its diamond polishing industry, the startup claims to have gained significant momentum just within 15 weeks of its launch.
Google says Gemini 2.5 Deep Think outperforms AI models from OpenAI, xAI, and Anthropic on LiveCodeBench6, a challenging test of competitive coding tasks.
The funding round was led by Accel, with participation from several other investors including 20VC, byFounders, and Visionaries Club, among others.
The AI system 'Devin' will handle routine coding tasks such as updating internal code to modern programming languages.