Ema raises $77 million as AI targets enterprise software and services

Ema, a startup that uses teams of AI agents to automate corporate processes, has raised $77 million in a Series B round. The company works across HR, IT, and finance.

The round was led by Bengaluru-based Creaegis, with Accel, Section 32, and Prosus increasing their stakes. The financing brings Ema’s total funding to $140 million and more than quadruples its valuation from its last funding round in 2024. Ema declined to disclose its latest valuation. The round consisted entirely of primary equity, with no debt or secondary transactions, the startup confirmed to TechCrunch.

Founded in 2023 by former Google and Coinbase executive Surojit Chatterjee and ex-Okta executive Souvik Sen, Ema calls its systems “AI employees.” They coordinate multiple AI agents across existing business applications. Chatterjee said the software can use more than 150 models, including frontier and open-source models.

Ema has more than 50 active enterprise deals, over 1 million active enterprise users, and has handled more than 5 million actions and queries. Customers include NTT DATA, Hitachi, ADP, PwC, Google, KPMG, Wipro, and Microsoft. The company said revenue grew 50-fold over the past two years and revenue bookings surpassed $150 million, including the total value of multiyear contracts such as 2- and 3-year deals. More than 90% of customers have expanded beyond their initial use case, while net dollar retention is around 180%.

Ema said it has maintained gross margins close to 80%. The Mountain View-headquartered company has nearly 200 employees and plans to expand into new markets over the next year.