Overview
- Emergent says ARR doubled from about $50 million to more than $100 million in the past month, eight months after launch.
- The company reports over 6 million users across more than 190 countries, including roughly 150,000 paying customers, with more than 7 million apps created.
- A new mobile app is in testing that lets users build and publish directly to Apple’s App Store and Google Play, with over 10,000 apps already produced through it.
- Emergent is running limited enterprise pilots to assess requirements for security, compliance, and governance.
- In January the startup raised $70 million led by SoftBank Vision Fund 2 and Khosla Ventures at a reported $300 million valuation, as it grows via subscriptions, usage-based fees, and hosting with improving gross margins and strong demand in the U.S. and Europe and fast growth in India.