India's Rocket.new Raises $15M to Launch AI-Powered App Development Revolution

Rocket.new Secures $15M in Seed Funding to Revolutionize App Development In a significant development for the tech industry, Rocket.new, an Indian startup building an AI-powered app development platform, has raised $15 million in a seed round led by Salesforce Ventures. The funding comes just three months after the company launched its platform in beta in June and marks a major milestone for the firm. According to co-founder and CEO Vishal Virani, the funds will be used to scale the business and achieve ambitious revenue targets. "We are building the first vibe solution platform, which is not solving just a problem of data entry or workflow optimization," Virani said in an exclusive interview. "Our goal is to enable users to build full, production-ready apps from natural-language prompts, making it possible for anyone to create complex applications without extensive coding knowledge." The funding round also saw participation from Accel and Together Fund, with all three investors contributing equity. Rocket.new's platform has already gained significant traction, attracting over 400,000 users across 180 countries, including more than 10,000 paid subscribers. The company has reported annual recurring revenue of $4.5 million and is aiming to reach $20.2 million by the end of the year and $60.7 million by June next year. Rocket.new's platform marks a significant departure from its earlier venture, DhiWise, which focused on developer workflows. Virani and his co-founders, Rahul Shingala and Deepak Dhanak, have leveraged their experience in building developer tools to create a more accessible and user-friendly app development solution. The implications of Rocket.new's platform are far-reaching, with potential applications in various industries such as healthcare, finance, and education. "Our goal is to democratize app development and make it possible for anyone to build complex applications without extensive coding knowledge," Virani said. With this significant funding injection, Rocket.new is poised to further accelerate its growth and expansion plans. As the company continues to scale, it will be interesting to see how it addresses the challenges of maintaining user experience and ensuring the quality of apps built on its platform. Background: Rocket.new's founders have a strong background in building developer tools, with DhiWise being their previous venture. The new platform leverages AI-powered technology to enable users to build complex applications from natural-language prompts. Additional Perspectives: Industry experts believe that Rocket.new's platform has the potential to disrupt traditional app development methods and make it more accessible to a wider audience. "This is a game-changer for the industry," said one expert. "Rocket.new's platform has the potential to democratize app development and enable anyone to build complex applications without extensive coding knowledge." Current Status and Next Developments: With this significant funding injection, Rocket.new is poised to further accelerate its growth and expansion plans. The company will continue to focus on scaling its user base and achieving ambitious revenue targets. As the company continues to grow, it will be interesting to see how it addresses the challenges of maintaining user experience and ensuring the quality of apps built on its platform. *Reporting by Techcrunch.*