Rocket raises $15 Mn in seed round led by Salesforce Ventures

Rocket, an AI-powered app-building platform that converts natural language into production-ready applications, has raised $15 million in seed funding led by Salesforce Ventures and Accel, with participation from Together Fund. 

Entrackr had exclusively reported on the funding round early this month. As per startup data intelligence platform TheKredible, the company raised over $9.5 million prior to this round from investors including Accel, India Quotient, Together Fund, Dholakia Ventures, among others.

The proceeds will be used to strengthen R&D, accelerate product development, and expand Rocket’s global presence, including a new North American headquarters in Palo Alto, California.

Founded by Vishal Virani, Rahul Shingala, and Deepak Dhanak, Rocket was built to remove the complexity of application development in the AI era. Unlike tools that stop at code snippets or mockups, Rocket enables users to create fully functional, multi-page, production-ready apps in minutes, ranging from dashboards and internal tools to consumer-facing applications.

In just four months since launch, Rocket claims to have attracted more than 400,000 users across 180 countries, built over 500,000 production-ready ideas, and gained early traction with startups, agencies, and Fortune 100 enterprises. 

Rocket operates as a SaaS platform, monetizing through subscriptions and enterprise contracts. By offering an AI-native, production-ready architecture that enables immediate deployment, the company is positioning itself against players like Retool, Bubble, and Glide, while carving a differentiated niche with its AI-first approach.

While the company has yet to file its FY25 numbers, Rocket.new reported Rs 3.5 crore in revenue in FY24, with losses rising 46% to Rs 11 crore, according to its standalone financials filed with the RoC.