Emergent, an Indian startup that helps SMEs build AI applications, raised $130m
in a funding round led by Creaegis, valuing the company at $1.5bn. Claypond and
Sentinel Global co-led the round; Khosla Ventures, SoftBank Vision Fund 2,
Lightspeed and Y Combinator also participated. Emergent said more than 12
million AI applications have been developed on its platform, making it among a
A handful of Indian AI firms to reach unicorn status.