Indian startups funding watch: Emergent raises $70 million, chip startup Raana Semiconductors gets seed capital
A funding roundup from India’s startup ecosystem highlights a fresh wave of capital into AI and deeptech. Emergent, an AI software creation platform focused on so-called “vibe coding” tools, has raised $70 million in a Series B led by Khosla Ventures and SoftBank Vision Fund 2, with participation from multiple global investors. Separately, Raana Semiconductors has raised a $3 million seed round backed by institutional and angel investors, aiming to accelerate indigenous semiconductor innovation and supply-chain capability. The deals point to sustained investor appetite for applied AI and strategic hardware technology.
- Reporting desk
- Health India Network News Desk
- First published
Big Series B for AI software platform
Emergent, an AI-driven software creation platform, has raised $70 million in a Series B funding round led by Khosla Ventures and SoftBank Vision Fund 2, according to a published funding roundup. The company positions itself around AI coding agents and “vibe coding” workflows that help users build software faster, and it plans to use the new money to deepen product development and expand research and engineering capacity across locations including Bengaluru.
Seed funding for an India-focused semiconductor push
In another deal highlighted in the same roundup, Raana Semiconductors Pvt. Ltd. has raised $3 million in seed funding led by Equirus Innovatex Fund and Artha Venture Fund, with other institutional participants and an angel investor joining the round. The company says it will use the capital to accelerate its work in semiconductor innovation and support indigenous supply-chain capability, a theme that has drawn increasing attention amid global chip constraints.
Why these deals stand out
- AI tooling is still attracting large cheques, especially where products show developer adoption and enterprise use cases.
- Semiconductor and deeptech bets remain strategically important as India builds domestic capability.
- Bengaluru continues to feature as a key hub for engineering expansion.
- Investor mixes increasingly include global funds alongside India-focused VCs.
What to watch next
The next signals will be execution outcomes: whether AI software platforms can convert funding into durable revenue and whether early-stage chip ventures can move from R&D to partnerships, pilots and manufacturing linkages within realistic timelines.