OCTOBERASIA BUSINESS OUTLOOK8NEWSROOMROCKET.NEW RAISES $15M SEED FUNDING FROM SALESFORCERocket.new, a startup from India focused on advancing AI app development, completed a $15 million equity seed round led by Salesforce Ventures to compete against viral vibe-coding competitors Lovable, Cursor, and Bolt by allowing users to build complete production-ready applications from natural language prompts rather than building quick prototypes.Accel and Together Fund participated alongside Salesforce Ventures in the all-equity seed round, which closed just three months on the heels of the June beta launch of Rocket.new's AI-powered app builder platform.Key Highlights· Rocket.new raises $15M seed funding led by Salesforce Ventures to scale AI app development.· Surat-based startup hits 400,000 users and $4.5M ARR within months of beta launch.· Rocket.new's AI-driven platform builds production-ready apps from natural language prompts.Since the launch, the startup has garnered over 400,000 users around the globe across 180 countries, including over 10,000 paid subscribers, and over $4.5 million in annual recurring revenue.It aims to scale to $20­$25 million by the end of the year, and $60­$70 million by June of next year, according to co-founder and CEO Vishal Virani, in an exclusive interview.Based in Surat, a city well known for diamond and textiles but not typically a noted tech area of the country, Virani teamed with Rahul Shingala and Deepak Dhanak to launch Rocket.new as a pivot from their prior venture DhiWise which focused on developer workflows, making it a rising Surat tech startup."We are building the first vibe solution platform, which is not solving just a problem of day one, but what we are focusing on is solving the problem of day two," Vishal Virani, Co-Founder and CEO told TechCrunch."Our entire agentic system will help organizations build all kinds of functions around products, not just generating the source code, but even a facility to scale their product - all by giving natural language apps prompts," Virani asserted.With its unique positioning, Rocket.new is fast emerging as a leader in AI in software development. DELTA ELECTRONICS MARKET CAP SOARS TO $78B, STOCK HITS $30Delta Electronics' stock reached NT$907 (US$30.00), marking a new record and bringing its market capitalization to NT$2.4 trillion (US$78 billion), making it Taiwan's third-largest company on the main board.The Taipei-based company, which develops power electronics and cooling solutions, has overtaken implied rival MediaTek, but is still behind market cap leaders Hon Hai Precision Industry and Taiwan Semiconductor Manufacturing Co.Delta's stock prices surged over 110 percent during the same period the broader market rose only 12.4 percent, according to data from the Taiwan Stock Exchange.Key Highlights· Delta Electronics hits NT$907, becoming Taiwan's third-largest company by market cap.· Stock surges 110 percent driven by booming demand for AI server power and data centers.· Taiwan AI infrastructure trend boosts Delta, Lite-On, and Auras Technology stocks.Analysts have attributed the growth to a persistent demand for AI server power and data center infrastructure, which results from the increased adoption of AI in various applications that require higher sophistication in power supply and cooling.Other Taiwan-based companies engaged in the same industry, such as Lite-On Technology and Auras Technology, have also seen their stocks increase quota from this trend driven by AI. Delta has attracted investor interest with its growing presence in the AI infrastructure market.
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