Emergent Secures Strategic Investment from Google to Democratize Software Creation Globally

Co-Founders of Emergent - Mukund Jha & Madhav Jha

• Emergent reaches 2.5M users and $25M ARR in under five months, signaling rapid growth and global adoption

The world’s first agentic vibe-coding platform, Emergent, announces a strategic investment from Google’s AI Futures Fund. Launched in May 2025, the fund supports AI startups with capital, early access to cutting-edge AI models, and direct support from Google’s experts. Emergent will leverage this investment and support to further accelerate talent acquisition, product development, and global expansion of its platform.

Emergent is putting the power of software development in the hands of everyday users. It eliminates traditional barriers such as the need for capital, developers, or a technical co-founder to get started, enabling anyone to turn ideas into production-grade apps with autonomous agents- no coding skills required. The platform has already generated strong global momentum, with users building apps globally.

Emergent has built a rapidly expanding user base of more than 2.5 million people globally in less than five months, and has already exceeded a $25 million ARR run rate. The company aims to support the dreams of tens of millions of entrepreneurs, small business owners, and creatives by early next year.

On the strategic investment from Google’s AI Futures Fund, Mukund Jha, Co-Founder and CEO of Emergent, said: “Not every business founder has the technology expertise or resources to make their dream a reality. With Emergent, we’re giving small business owners, creators, and entrepreneurs the tools to bring their vision to life, no matter the complexity. We’re honored to be supported by Google’s AI Futures Fund and are excited to leverage Google’s industry-leading AI technology to further empower Emergent for our rapidly growing user base.”

Jonathan Silber, Co-Founder and Director of AI Futures Fund at Google, said: “The AI Futures Fund is all about reimagining what can be accomplished with generative AI. Emergent’s work is helping people make their ideas a reality, breaking down barriers, and democratising access to the tools businesses need to build their technology stack. We look forward to supporting them on their journey as they build with Gemini 3, and we can’t wait to see what they do next.”

Side hustlers, small business owners, and solo founders can build without coding, removing the need for an engineering team. Emergent lets anyone turn their ideas into real, production-ready applications for their users. Start building with Emergent today: https://emergent.sh/

About Emergent

Emergent is a fast-growing agentic vibe-coding platform. Its platform enables anyone to build full-stack, production-ready applications using autonomous AI agents. Launched in 2025 and backed by Lightspeed, Prosus, YC, Together, and leading angels, the company reached $25M ARR in less than 5 months. Emergent’s mission is to democratize software creation so that anyone can turn ideas into products and tools.

AWS Announces $230 Mn Commitment for Generative AI Startups AWS Announces $230 Million Commitment for Generative AI Startups Worldwide

Amazon Web Services (AWS) has announced a significant commitment of $230 Million in AWS credits to support generative AI startups worldwide. This initiative is designed to accelerate the development of new generative AI applications and help bring innovations to market more quickly.

The commitment will fund the second cohort of the AWS Generative AI Accelerator program, which provides hands-on expertise and up to $1 million in credits to each of the top 80 early-stage startups that are using generative AI to tackle complex challenges. The program aims to assist startups in areas such as financial services, healthcare, media and entertainment, business, and climate change.

Startups can use these AWS credits to access various AWS technologies, including compute, storage, and database services, as well as AWS Trainium and AWS Inferentia2, which are energy-efficient AI chips offering high performance at a low cost. Additionally, credits can be utilized on Amazon SageMaker, a fully managed service that aids companies in building and training machine learning models, and Amazon Bedrock, which provides tools for building secure generative AI applications.

Applications for the AWS Generative AI Accelerator are open now and will be accepted until July 19 and startups can apply here. This is a great opportunity for startups specializing in AI to gain valuable resources and mentorship to scale their businesses and innovate within the AI space.

Amazon Web Services (AWS) has announced a significant commitment of $230 Million in AWS credits to support generative AI startups worldwide. This initiative is designed to accelerate the development of new generative AI applications.

Cisco Launches $1 Bn Global AI Investment Fund To Bolster Startup Ecosystem

• Cisco is launching a $1B global investment fund to expand and develop secure, reliable and trustworthy AI solutions. 
• Cisco is making strategic investments with world-class start-ups across software and infrastructure that build upon Cisco’s strategy to connect and protect the AI era
• Cohere, Mistral AI and Scale AI among the initial GenAI startups joining the Cisco Investments portfolio to help build a broader AI ecosystem

Cisco Investments, the global corporate venture investment arm of Cisco (NASDAQ: CSCO), has announced the launch of a $1 Billion AI investment fund to bolster the startup ecosystem and expand the development of secure and reliable AI solutions. As part of the new AI fund, Cisco is making strategic investments in Cohere, Mistral AI and Scale AI among others to advance customers’ AI readiness and complement Cisco’s AI innovation strategy. Cisco has already committed nearly $200M of the $1B investment fund to date.

AI is reshaping every industry and the world at an unprecedented pace, putting greater emphasis on how businesses globally interact and rely on technology. Recent research from IDC (2023) indicates that the global AI market is expected to double in size to over $500 billion in the next three years. Enterprises, including Cisco, have an opportunity to leverage Gen AI to significantly enhance their products and services and better serve their customers and end users.

"For more than 30 years, Cisco Investments has invested and partnered with hundreds of companies to drive innovation both within Cisco's core markets and in new strategic areas. Our recent investments in generative AI companies align perfectly with this long-standing strategy," said Mark Patterson, Chief Strategy Officer, Cisco. "At Cisco, we believe we are well positioned to be the best strategic partner for our customers in the AI era as they look to build, secure, and power AI. In addition to building essential technology to connect, secure and advance AI, Cisco is committed to investing in the broader AI ecosystem to more effectively meet our customers' needs."

Over the past several years, Cisco has made over 20 AI-focused acquisitions and investments, furthering GenAI and Machine Learning capabilities and integration of AI across the Cisco portfolio. These strategic investments and partnerships with world-class AI platforms across software and infrastructure build upon Cisco’s holistic strategy to connect and protect the AI era. In addition to these investments, Cisco will also be working with AI companies on product collaborations that allow Cisco to co-innovate, while also being an agnostic provider and platform player in AI, offering options and coverage for Cisco’s global customer base.

The committed investments in the new AI fund include:

• Cohere: Headquartered in Toronto and San Francisco, Cohere provides security-focused frontier large language models (LLMs) and industry-leading Retrieval-Augmented Generation (RAG) capabilities tailored to meet the needs of enterprises.
• Mistral AI: Mistral AI is a global company headquartered in Paris specializing in generative artificial intelligence. The company develops new models of generative artificial intelligence for businesses, combining scientific excellence, an open approach and a responsible vision of technology.
• Scale AI: Based in the U.S., Scale AI provides a data-centric, end-to-end platform providing training and validation for AI applications. Cisco recently participated in Scale AI’s Series F funding as the round’s largest strategic investor.

“The establishment of our $1 billion AI investment fund is a testament to our commitment to the transformative power of artificial intelligence and its potential to redefine industries globally,” said Derek Idemoto, SVP, Corporate Development and Cisco Investments. “This fund represents our unwavering commitment to AI and innovation, and to the entrepreneurs and visionaries who are defining the next wave of technology.”

Cisco has a rich history of delivering innovation through R&D, Investments, M&A, and strategic partnerships—using a multi-pronged build, buy, partner, invest and co-develop strategy. Today’s announcement builds on the momentum of Cisco’s investments and product innovations in AI, while reinforcing that Cisco is well-positioned to help enterprises harness the power of secure, reliable and trustworthy AI on a global scale.

About Cisco

Cisco (NASDAQ: CSCO) is the worldwide technology leader that securely connects everything to make anything possible. Our purpose is to power an inclusive future for all by helping our customers reimagine their applications, power hybrid work, secure their enterprise, transform their infrastructure, and meet their sustainability goals.

Saudi Arabia's PIF Plans To Create $40 Billion AI Fund

Saudi Arabia's Public Investment Fund (PIF) is planning to create a significant $40 billion fund dedicated to investments in artificial intelligence (AI), reported The New York Times and confirmed by the CNBC, later on. 

This move is part of the country's efforts to diversify its economy and become a more influential player in global business and geopolitics. The fund aims to become the world's largest investor in AI, showcasing Saudi Arabia's ambition to go beyond its oil-rich legacy.

The PIF has been in discussions with top venture capital firms, including one of Silicon Valley's largest venture capital firms— Andreessen Horowitz, to explore potential partnerships.

The focus of the fund will be on AI startups, chip makers, and the expansive data centers necessary for the next generation of computing. This strategic initiative reflects the global trend of significant investments in AI, which is reshaping industries and economies worldwide.

Notably, Andreessen Horowitz, known for its investments in successful companies like Airbnb and Facebook, has a significant number of AI-related startups in its portfolio. The collaboration with such a firm could provide the PIF with access to a wide range of innovative AI ventures and expertise.

The potential partnership with Andreessen Horowitz could accelerate the PIF's ambitions to become a leading investor in the AI space.

Saudi Arabia's Public Investment Fund (PIF) is the sovereign wealth fund of the Kingdom, established in 1971. It is one of the largest sovereign wealth funds globally, with total estimated assets of around $925 billion. The PIF plays a central role in Saudi Arabia's Vision 2030, which aims to diversify the economy away from oil and invest in various strategic sectors. The fund has been actively investing in both domestic and international ventures, including real estate, infrastructure, and technology, to stimulate economic growth and create jobs.

Of late, the PIF has made billions of dollars of investment into stake purchases and joint funds with major international companies like Uber, Bank of America, Citi, SoftBank and Blackstone.