SoftBank-Backed Emergent Hits $100 Million Run Rate in a Year

India- and US-based AI startup Emergent said it has reached a $100 million annual revenue run rate less than a year after launching its artificial intelligence-powered software development platform.

The company, backed by SoftBank Group Corp. and Khosla Ventures, said it is among the fastest-growing AI startups to reach that scale. It added that its annual recurring revenue doubled over the past month.