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Rocket.new, one of India’s first vibe-coding startups, snags $15M from Accel,Salesforce Ventures
Rocket.new, an Indian vibe-coding startup, has secured $15 million from Salesforce Ventures and others to enhance its AI-based app development platform, allowing users to create production-ready applications via natural language. With over 400,000 users and ambitious growth targets, the company aims to revolutionize app development beyond prototyping.
Key points
- Rocket.new raised $15 million in a seed round led by Salesforce Ventures.
- The platform allows users to create full production-ready apps using natural language prompts.
- Within three months of launch, Rocket.new garnered over 400,000 users and $4.5 million in ARR, aiming to reach $20-$25 million this year.
- The startup's user base includes over 10,000 paid subscribers and notable companies like Meta and PayPal.
- Rocket.new focuses on solving day two problems in app development, going beyond the initial code generation.
- Their platform has built over 500,000 applications, with 80% of users creating serious applications.
- The application generation speed is slower than competitors but offers a comprehensive experience.
- Rocket.new's business model features a subscription starting at $25/month after a capped free trial.
Why it matters
- The rise of AI and low-code/no-code platforms reflects a growing IT trend emphasizing user-friendly app development.
- Vibe-coding represents a new approach to software development, allowing non-developers to create applications.
- As businesses increasingly rely on digital transformation, tools like Rocket.new address the demand for efficient app development solutions.
Rocket.new's funding and innovative platform exemplify a significant shift in app development, leveraging AI to empower users and expand market opportunities, thereby positioning itself for substantial growth in the evolving tech landscape.