Total amount raised
$24.5M
Latest funding date
2025-09-22
Location
DhiWise has successfully navigated five funding rounds, attracting investments from notable backers such as Salesforce Ventures and Accel. The platform offers a unique solution for building production-ready applications from plain text, eliminating the need for coding.
What Is Rocket (formerly DhiWise)?
Rocket (formerly DhiWise) is an AI-first app development platform that enables users to build full-stack applications from plain text descriptions. The company operates across multiple tech sectors including AI, Generative AI, Mobile Apps, Software, and Web Development.
Originally founded in Surat, Gujarat, India in April 2021 by Vishal Virani, Rahul Shingala, and Deepak Dhanak, the company rebranded from DhiWise to Rocket (Rocket.new) in September 2025, pivoting to a fully AI-first model and relocating its headquarters to Palo Alto, California. The platform is trusted by over 653K users across 180+ countries.
How Much Funding Has Rocket Raised?
- Round Name: Seed
- Amount Raised: USD 2,500,000
- Date: January 2022
- Lead Investors: India Quotient, Dholakia Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Round Name: Series A
- Amount Raised: USD 7,000,000
- Date: August 2022
- Lead Investors: Accel, Together Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance the platform's capabilities and launch new features. Participating investors included India Quotient and founders of Fleetx, Rocketlane, and WebEngage.
- Round Name: Non-Equity Assistance (Accel Atoms Accelerator)
- Amount Raised: Not publicly disclosed
- Date: November 2022
- Lead Investors: Accel Atoms
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To receive strategic support and resources as part of Accel's Atoms accelerator program.
- Round Name: Non-Equity Assistance (Google for Startups Accelerator)
- Amount Raised: Not publicly disclosed
- Date: December 2023
- Lead Investors: Google for Startups Accelerator: India
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To receive strategic support, mentorship, and resources without diluting equity.
- Round Name: Seed (Extended Series A)
- Amount Raised: USD 15,000,000
- Date: September 2025
- Lead Investors: Salesforce Ventures, Accel
- Valuation at Round: Approximately USD 62,000,000 (~Rs 545 crore)
- Motivation Behind the Round: To scale R&D, expand product capabilities, and establish a global footprint under the new Rocket brand.
Total Amount Raised: at least USD 24,500,000 based on disclosed funding. Current Valuation: Not publicly disclosed for all rounds; approximately USD 62M at the September 2025 round.
Key Investors
- Salesforce Ventures
- Details: Salesforce Ventures is the investment arm of Salesforce, focusing on enterprise cloud companies. It led the September 2025 seed round for Rocket (formerly DhiWise) with approximately $8.46 million.
- Investment Focus Areas: Cloud computing, enterprise software, AI.
- Notable Investments: Zoom, DocuSign, Twilio.
- Accel
- Details: Accel is a global venture capital firm that invests in seed, early, and growth-stage companies. It co-led the September 2025 seed round and was a lead investor in the Series A round.
- Investment Focus Areas: Technology, software, consumer internet.
- Notable Investments: Facebook, Dropbox, Slack.
- Together Fund
- Details: Together Fund is a venture capital firm that invests in early-stage startups. It participated in both the Series A (2022) and the September 2025 seed round.
- Investment Focus Areas: Early-stage startups, technology, SaaS.
- Notable Investments: Specific notable investments are not publicly disclosed.
- India Quotient
- Details: India Quotient is a venture capital firm focused on early-stage investments in India. It co-led the January 2022 seed round and participated in the August 2022 Series A.
- Investment Focus Areas: Consumer technology, fintech, SaaS.
- Notable Investments: Lendingkart, ShareChat, Sugar Cosmetics.
- Founders of Fleetx, Rocketlane, and WebEngage
- Details: The founders of Fleetx, Rocketlane, and WebEngage participated in the August 2022 Series A for DhiWise. These founders are known for their successful ventures in the tech industry.
- Investment Focus Areas: Technology, SaaS, enterprise solutions.
- Notable Investments: Specific notable investments are not publicly disclosed.
What's Next for DhiWise?
With the recent $7 million Series A funding, DhiWise is poised to enhance its platform with innovative features like a Smart Editor and auto-identification of reusable elements. These advancements present significant opportunities for growth, particularly in the rapidly expanding market for AI-powered automation tools in software development.
Future fundraising rounds seem promising, given the strong investor confidence demonstrated in the Series A round. As DhiWise continues to innovate, it may attract further investments to support its expansion into new markets and industries.
However, the company faces challenges such as competition from other automation platforms and the need to balance advanced features with user-friendliness. Maintaining this balance will be crucial for DhiWise as it navigates its growth trajectory.
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