Surat-based startup Rocket.new has raised $15 million in seed funding led by Salesforce Ventures, with Accel and Together Fund also participating. The company is building an AI-powered platform that lets users generate production-ready applications from natural language prompts. The development was first reported by TechCrunch.
The round comes just three months after the startup’s beta launch in June. Rocket.new has already drawn more than 400,000 users across 180 countries, including 10,000 paying customers, and claims $4.5 million in annual recurring revenue. According to TechCrunch, the company is targeting $20–25 million ARR by the end of this year and $60–70 million by mid-2026.
Rocket.new was founded by Vishal Virani, Rahul Shingala, and Deepak Dhanak, who earlier ran developer workflow startup DhiWise. The founders describe their new venture as a “vibe-coding” platform that goes beyond simple prototypes, aiming to build full-scale apps, conduct product research, and even handle aspects of product management.
Despite being only 16 weeks old, the platform has been used to create over half a million applications, with early adoption seen from engineers, solopreneurs, and product managers. Users span major companies such as Meta, PayPal, PwC, and Times Internet. About 80 percent of applications built are described as “serious” use cases, including e-commerce, fintech, and B2B tools.
Rocket.new’s system integrates models from OpenAI, Anthropic, and Google’s Gemini with its own proprietary training data. Unlike faster competitors, generating the first app takes about 25 minutes, but the report says that the tool delivers more comprehensive outputs.
The startup currently earns revenue through a subscription model starting at $25 a month and reports gross margins of 50–55 percent.
