Ema Raises $77 Million Series B as AI Startup Targets Enterprise Software and IT Services
Updated
Updated · TechCrunch · Sep 23
Ema Raises $77 Million Series B as AI Startup Targets Enterprise Software and IT Services
2 articles · Updated · TechCrunch · Sep 23
Summary
$77 million in new Series B funding lifts Ema’s total capital to $140 million, with the round led by Creaegis and existing backers Accel, Section 32 and Prosus increasing their stakes.
Founded in 2023, Ema sells “AI employees” that coordinate multiple agents across HR, IT and finance workflows, aiming to automate work companies typically buy from SaaS vendors and IT services firms.
More than 50 enterprise deals and over 1 million active users have helped drive 50-fold revenue growth in two years; bookings have topped $150 million and net dollar retention is about 180%.
Chatterjee said the startup can use 150-plus models and sees advances from Anthropic, OpenAI and other AI labs as a tailwind rather than a direct threat because Ema focuses on orchestration and integrations.
Nearly 200 employees across Mountain View, Bengaluru, London and Vancouver will use much of the new capital to expand sales and marketing as Ema pushes beyond the U.S. and Europe into Asia-Pacific, South America and parts of the Middle East.