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Rocket.new Raises $15M Seed for AI App Development Platform

Rocket.new, an Indian AI-powered app development platform, has secured $15 million in a seed funding round.

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StartupHub.ai Staff
2 min read

Rocket.new, an Indian AI-powered app development platform, has secured $15 million in a seed funding round.

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Rocket.new, an Indian AI-powered app development platform, has secured $15 million in a seed funding round. Salesforce Ventures led the investment, with participation from Accel and Together Fund.

The platform enables users to build full, production-ready applications from natural-language prompts. Since its June beta launch, Rocket.new has attracted over 400,000 users and 10,000 paid subscribers across 180 countries.

Annual recurring revenue (ARR) currently stands at $4.5 million.

Rocket.new aims to differentiate from rivals like Lovable, Cursor, and Bolt by focusing on comprehensive, production-ready outputs. The platform combines large language models from Anthropic, OpenAI, and Google's Gemini.

Accelerating AI App Development

The Surat-based startup's technology builds on proprietary datasets from its previous venture, DhiWise. Users have created half a million applications, including e-commerce, fintech, and mental health apps. Approximately 45% of users build mobile apps, while 55% focus on websites.

Rocket.new offers a free trial, then a monthly subscription starting at $25. This model generates a gross margin of 50-55%. The United States represents Rocket.new's largest market, contributing 26% of revenue. Europe follows at 15-20%, with India at 10%.

The company plans to accelerate proprietary model development and R&D for its AI app development platform. A U.S. headquarters in Palo Alto is also being established.

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#AI#Annual Recurring Revenue#Generative AI#Large Language Models (LLMs)#Rocket.new#SaaS#Salesforce Ventures#Seed Round
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