
Emergent CEO Mukund Jha says AI will expand demand for developers, not replace them. The startup just raised $130M at a $1.5B valuation.
The CEO of a buzzy AI-app building platform is betting that his own product will make developers more valuable, not obsolete. Mukund Jha, cofounder and CEO of Emergent, said during a live Q&A with Business Insider that he expects demand for software to "exponentially increase" as AI spreads, pulling more developers, designers, and product builders along with it.
Emergent itself is living that math. The company launched in 2025 as a platform for building AI-native applications. On Wednesday it announced a $130 million Series C round that pushed its valuation to $1.5 billion, a fivefold jump from the $300 million price tag six months ago.
"We see a new class of builders coming online, and our belief is that the need for automation, the need for software generation, is going to rise," Jha told BI's Dan DeFrancesco.
That expectation shapes who Jha hires. He said he looks for candidates who are "really, really curious about problem solving" and who are "hard-charging, hungry, and looking for impact." Traditional role boundaries don't apply at Emergent. "Our designers actually write code; our engineers now do designing; our PMs are able to ship a feature themselves," said Jha.
For aspiring developers, Jha's advice was direct: "Use AI as much as possible." He said workers who use the tools well have expanded their capabilities tenfold. He also cautioned against treating AI as a substitute for foundational skills. Problem-solving and collaboration still matter, he said, and colleges remain a good place to learn them.
Jha pointed to his own path – he started coding at 12 with his twin cofounder and later dropped out of a PhD program – as evidence that the technical discipline itself matters more than the specific engineering track. "We are barely scratching the surface of what is going to happen with AI," he said.
The funding round and Jha's comments land as the broader tech industry debates whether AI coding tools will shrink or expand the developer workforce. Many executives have told Business Insider that AI is changing the skills they prioritize in employees. Jha's bet is that the total addressable market for software grows fast enough to absorb both the productivity gains and the new builders.
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