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Rocket.new Secures $15 Million to Redefine AI-Driven App Development

by THEFUTURE.TEAM

September 23, 2025

Overview Of Rocket.new’s Bold Mission

Indian startup Rocket.new, an innovative force in AI-powered app development, has successfully raised $15 million in a seed funding round led by Salesforce Ventures. The funding round, which saw participation from Accel and Together Fund, marks a significant step forward as Rocket.new challenges competitors like Lovable, Cursor, and Bolt. By offering a platform that creates full, production-ready applications through natural-language prompts, Rocket.new is moving beyond the rapid prototyping that has characterized the current wave of vibe-coding tools.

Impressive Growth And Market Traction

Since its beta launch in June, the platform has grown its user base to over 400,000 individuals across 180 countries, including more than 10,000 paying subscribers. With annual recurring revenue already at $4.5 million, CEO Vishal Virani has set ambitious targets—projecting $20–$25 million by the end of the year and reaching $60–$70 million by June next year. These rapid achievements underscore the platform’s potential, drawing the attention of leading companies such as Meta, PayPal, KPMG, PwC, and Times Internet.

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Innovative Architecture And Superior User Experience

The Rocket.new platform distinguishes itself by integrating large language models from Anthropic, OpenAI, and Google’s Gemini with its own deep learning systems. Leveraging proprietary datasets from its previous venture DhiWise, Rocket.new has built an architecture that offers a comprehensive solution for production-ready applications. Although initial app generation takes approximately 25 minutes—longer than some competitors—the platform’s robust output is designed to include all essential modules, delivering a superior user experience that appeals to serious application developers.

Strategic Funding And Future Growth

Founder and CEO Vishal Virani, along with co-founders Rahul Shingala and Deepak Dhanak, have positioned Rocket.new to spearhead a shift in how organizations approach app development. The startup aims to develop a full-fledged agentic system capable not only of building apps and websites but also of conducting competitive research and product development, potentially eliminating the need for traditional product management roles. With around 58 team members based out of Surat—and plans to double its engineering and product staff in India—the company is set to broaden its presence, especially in pivotal markets like the U.S., where it has already secured 26% of its revenue.

Monetization Strategy And Global Reach

The company employs a freemium model, offering a free trial capped at one million tokens, with continued access available through monthly subscriptions starting at $25 for five million tokens. This pricing structure is designed to foster enterprise-level usage while maintaining healthy gross margins, with ambitions to improve these figures further in the coming months.

Conclusion

Rocket.new’s fresh infusion of capital, impressive early traction, and strategic market positioning not only set it apart from its rivals but also signal a significant evolution in AI-assisted app development. As it prepares to refine its go-to-market strategies and invest further in proprietary R&D, Rocket.new is poised to become a cornerstone platform for organizations seeking to harness artificial intelligence for production-grade applications.

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Central Bank Of Cyprus Balance Sheet Reflects Strong Eurosystem Position

by THEFUTURE.TEAM

February 17, 2026

Overview Of Financial Stability

The Central Bank of Cyprus (CBC) has released its latest balance sheet, reaffirming its steadfast role within the Eurosystem. The balance sheet, featuring total assets and liabilities of €29.545 billion, underscores the institution’s stable financial posture at the close of January 2026.

Asset Allocation And Strategic Holdings

Governor Christodoulos Patsalides issued the balance sheet, which details the CBC’s asset composition under the Eurosystem framework. Notably, the bank’s gold and gold receivables amounted to €1.635 billion, providing a significant hedge and stability to its balance sheet. Additional asset categories include claims on non-euro area residents denominated in foreign currency at €1.099 billion, while claims on euro area residents in both foreign and domestic currency add further depth to its portfolio.

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The most substantial asset category, intra-Eurosystem claims, reached €19.438 billion, an indication of the CBC’s deep integration with its European counterparts. Furthermore, euro-denominated securities held by euro area residents contributed €6.587 billion. Despite a marked emphasis on these areas, lending to euro area credit institutions in monetary policy operations recorded no activity during the period.

Liability Structure And Monetary Policy Implications

On the liabilities side, banknotes in circulation contributed €3.218 billion. Liabilities to euro area credit institutions associated with monetary policy operations were notably the largest single category, totaling €17.636 billion. Supplementary liabilities included those to other euro area residents, which aggregated to €4.989 billion, with government liabilities playing a predominant role at €4.754 billion.

Other liability items, such as claims related to special drawing rights allocated by the International Monetary Fund at €494.193 million, and provisions of €596.571 million, further articulate the CBC’s exposure. Revaluation accounts stood at €1.643 billion, and overall capital and reserves were confirmed at €333.822 million, completing the picture of a well-capitalized institution.

Conclusive Insights And Strategic Alignment

The detailed breakdown illustrates the CBC’s sizeable intra-Eurosystem exposures, reinforcing its central role within Europe’s monetary landscape. With an asset-liability balance maintained at €29.545 billion, the CBC’s financial position remains robust, indicating a commitment to structural stability and strategic risk management.

This fiscal disclosure not only provides transparency into the CBC’s operations but also serves as a benchmark for comparative analysis among other central banks within the Eurosystem, highlighting the intricate balance between asset liquidity, regulatory oversight, and monetary policy imperatives.