AI startup Emergent turns unicorn with $130M Series C funding

Artificial intelligence (AI) startup Emergent, founded by brothers Mukund Jha and Madhav Jha, has raised $130 million in a Series C funding round at a valuation of $1.5 billion. The round was led by Creaegis, with MNI Ventures - Claypond Capital and Sentinel Global joining as co-lead investors. Existing backers Khosla Ventures, SoftBank Vision Fund 2, Lightspeed, and Y Combinator also participated.