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Emergent Raises Series C at $1.5 Billion Valuation, Becomes Unicorn in a Year of Launch

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Rapid global adoption fuels fivefold valuation growth, taking total funding to $230 million as users build over 12 million applications on the platform

SAN FRANCISCO, Calif. and BANGALORE, India, July 17, 2026 /PRNewswire/ — Emergent, the fast-growing AI software creation platform that enables founders and business owners to build full-stack, production-ready web and mobile applications, today announced a $130 million Series C funding. The round was led by Creaegis, with MNI Ventures – Claypond Capital and Sentinel Global as co-lead investors, and participation from Khosla Ventures, SoftBank Vision Fund 2, Lightspeed, and Y Combinator.

The latest round values Emergent at $1.5 billion, increasing its valuation fivefold in just four months and making it a unicorn in a year after its public launch. The milestone places Emergent among the fastest-scaling AI companies globally, driven by the rising adoption of AI-powered software creation among entrepreneurs, small businesses and non-technical builders.

Since launch, more than 12 million applications have been built on Emergent by users globally, including many entrepreneurs and small business owners with no technical background. The platform has seen particularly strong adoption across the United States and Europe, while rapidly expanding its presence in Southeast Asia, the Middle East, Australia, South America and the broader Americas.

Speaking on the funding announcement, Mukund Jha, Co-founder and CEO, Emergent said, “The real impact of the AI revolution will be a complete democratization of who gets to build what software, where they get to build it, and how much it costs. It’s about making software development accessible to the people closest to the problem, regardless of their technical knowledge. With a platform like Emergent, the people who have great ideas and deep domain expertise can now build and run the software their business needs to succeed at a fraction of the cost.”

Emergent is addressing one of the biggest barriers in technology creation: access to engineering talent. While businesses increasingly need custom software to operate and scale, traditional development remains expensive, time-intensive and dependent on specialized skills. Emergent changes this by allowing users to build CRMs, ERPs, marketplaces, mobile applications, internal tools, customer-facing products and operational systems through autonomous AI agents.

“We built Emergent for the non-technical entrepreneur and the small business owner, with 70% of our users having no prior coding experience,” Jha adds. “We give these users a new path beyond generic SaaS, slow and expensive dev shops, lightweight prototype tools, or waiting for technical talent to which they may never have access.”

“Small businesses today have a historic moment to build, automate, and operate using autonomous platforms and address their disadvantages in the previous era,” said Prakash Parthasarathy, Managing Partner, Creaegis. “Emergent is enabling every entrepreneur and business to embrace this change with production-grade software and automation.”

Emergent is building a future where software development moves closer to the people who understand the problem, the business, and the market. By removing technical barriers, the company aims to enable entrepreneurs, businesses and non-technical founders to create custom software faster and bring ideas to life without traditional limitations.

Emergent is available at http://emergent.ai 

About Emergent:

Emergent is the fast-growing AI software platform that enables founders and business owners to create full-stack, production-ready applications using autonomous AI agents. Emergent’s vision is to enable ambitious people to move at the speed of their thought — to build faster, go bigger, and be unblocked from technical limitations. Launched in 2025, Emergent is backed by Creaegis, MNI Ventures – Claypond Capital, Khosla Ventures, SoftBank Vision Fund 2, Lightspeed, Sentinel Global, Y Combinator, Prosus, Together, and Google’s AI Futures Fund. Its mission is to democratize who gets to build software and bring new ideas to life.

For media inquiries, please contact:
Moes Art | Naresh Bhandari, naresh@moes-art.com / + 91 9844467342

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Cherokee Federal Expands Customer Access Through NASA SEWP VI Award

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Company earns position on NASA’s premier government-wide acquisition contract

TULSA, Okla., July 17, 2026 /PRNewswire/ — Cherokee Federal, the federal contracting division of Cherokee Nation Businesses, today announced that Cherokee Nation Government Solutions (CNGS), a Cherokee Federal company, has been awarded a position on the National Aeronautics and Space Administration’s (NASA) Solutions for Enterprise-Wide Procurement (SEWP) VI Government-Wide Acquisition Contract (GWAC).

The award provides federal agencies with another streamlined way to access Cherokee Federal’s digital transformation, mission support and advanced technology capabilities.

“Federal agencies need acquisition vehicles that help them move quickly while keeping mission success at the forefront,” said Clint Bickett, President of Cherokee Federal. “Our position on SEWP VI makes it easier for customers to access Cherokee Federal’s technology expertise and creates new opportunities for us to help agencies solve complex challenges with secure, scalable capabilities that improve operational performance.”

Through SEWP VI, Cherokee will compete for future task orders supporting defense, civilian and intelligence customers with enterprise modernization, secure technology and digital transformation services.

SEWP VI is a multiple-award, indefinite-delivery/indefinite-quantity (IDIQ) contract that enables federal agencies to procure information technology, communications, audiovisual solutions and related services. NASA recently announced more than 2,100 awards across multiple contract categories.

Cherokee Federal’s portfolio of Advanced Technology Services includes enterprise IT, cloud modernization, cybersecurity, software engineering, data analytics, intelligent automation and program management, enabling the company to support a broad range of federal missions.

For more information on Cherokee Federal, visit cherokee-federal.com.

About Cherokee Federal
Cherokee Federal is the federal contracting division of Cherokee Nation Businesses — the economic engine of Cherokee Nation, the largest Native American tribe in the U.S. The mission of Cherokee Federal is to build a talented team that provides innovative solutions that solve America’s greatest challenges and serves the Cherokee Nation with strong conviction and heart. For more information, please visit cherokee-federal.com or follow Cherokee Federal on LinkedIn, Facebook, X and YouTube.

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SOURCE Cherokee Federal

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ID Logistics US Debuts at No. 17 on Armstrong & Associates’ Top North American Warehousing 3PL Rankings

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JOHNS CREEK, Ga., July 17, 2026 /PRNewswire/ — ID Logistics, a global leader in contract logistics, today announced it has debuted at No. 17 on Armstrong & Associates’ annual ranking of the Top 25 North American Warehousing 3PLs, recognizing the company’s rapidly expanding logistics footprint across the United States and Canada.

The annual ranking is based on the total warehouse space third-party logistics providers operate on behalf of customers across North America. ID Logistics earned the No. 17 position with 19.6 million square feet of managed warehouse space in 2025, supporting customers across the fast-moving consumer goods (FMCG), food and beverage, wine and spirits, retail, e-commerce, fashion and apparel, and temperature-controlled logistics sectors.

This distinction comes as part of ID Logistics’ continued growth that the company has experienced in the United States since the Group’s acquisition of Kane Logistics in 2022, as well as the opening of operations in Canada. This is the first year since the acquisition that ID Logistics US has responded to Armstrong’s survey.

“This recognition reflects the trust our customers place in us and the dedication of our team members across North America,” said Stan Schrader, CEO, ID Logistics US, “Over the past several years we’ve significantly expanded our network and capabilities while remaining focused on delivering innovative, scalable, and sustainable solutions that help our customers grow.”

ID Logistics continues to grow, expanding operations into South Carolina, North Carolina, Virginia, and Kentucky. In addition to warehousing and distribution, ID Logistics has become a key player in third-party co-packing for its US-based customers as well.

About ID Logistics

ID Logistics, headed by Eric HÉMAR, is an international contract logistics Group with revenues of €3.7 billion in 2025. ID Logistics manages nearly 450 sites in 19 countries representing 10 million m² operated in Europe, America, Asia and Africa, with 55,000 employees. With a customer portfolio balanced between distribution, e-commerce, consumer goods, cosmetics and fashion, ID Logistics is characterized by offers involving a high level of technology. Since its creation in 2001, the Group has developed a social and environmental approach through a number of original projects, and is now firmly committed to an ambitious CSR policy. ID Logistics shares are listed on the Euronext regulated market in Paris and are included in the SBF 120 index (ISIN code: FR0010929125, Mnemo: IDL).

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SOURCE ID Logistics Warehousing, LLC

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ASRC Federal Announces New CEO Mike Manzo

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RESTON, Va., July 17, 2026 /PRNewswire/ — Mike Manzo has been named President and Chief Executive Officer of ASRC Federal. He succeeds Jennifer Felix, who was with the company for seven years, six as CEO.

Manzo most recently served as head of the company’s Defense and Intelligence operating group. He brings more than thirty years of experience leading operations and technical organizations supporting federal government clients across the defense, intelligence and civilian markets. His expertise in setting strategic direction and driving both excellence in contract performance and new business growth stems from the long-term, trusted relationships he has developed with customers by consistently meeting commitments.

“I am extremely honored and proud to take the mantle of CEO at ASRC Federal during this time of positive momentum and growth,” said Manzo. “ASRC Federal is in a strong position to deliver broad expertise and innovative solutions to U.S. defense and civilian service missions with speed and precision. I am excited to get to work leading our talented employees across the ASRC Federal family of companies as we drive value for our shareholders and federal customers.”

Manzo previously worked at General Dynamics serving the Department of War and the intelligence community. He holds bachelor’s and master’s degrees in electrical engineering from West Virginia University.

About ASRC Federal

ASRC Federal delivers solutions and services to more than 30 U.S. government agencies in support of some of our Nation’s most critical missions – from space exploration to cyber defense to military base operations and public health. Our capabilities include IT modernization, mission systems engineering and other engineering solutions, software applications and analytics, critical infrastructure and base operations, supply chain management and logistics and professional services. As a family of Alaska Native-owned companies, our work helps secure an enduring future for more than 14,000 Iñupiaq shareholders from Alaska’s North Slope. Since inception, ASRC Federal has contributed to more than $2 billion in shareholder dividends paid by its parent company, Arctic Slope Regional Corporation. For more information, please visit www.asrcfederal.com.

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SOURCE ASRC Federal

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