On July 20, the AI software development platform Emergent announced the completion of Series C financing of 130 million US dollars. The funding round was led by Creaegis and co-led by MNI Ventures - Claypond Capital and Sentinel Global, with Khosla Ventures, SoftBank Vision Fund 2, Lightspeed, and Y Combinator participating. After the latest round of financing, Emergency reached a valuation of 1.5 billion US dollars, making it one of the unicorns within a year of public launch.

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