AI-employee platform Ema on September 23 announced a $77 million Series B led by Bengaluru-based Creaegis, with existing investors Accel, Section 32 and Prosus increasing their stakes. The round brings the Mountain View, California startup's total funding to $140 million.
50-Fold Revenue Growth In Two Years
Ema now serves more than 50 enterprise customers - a list that includes NTT DATA, Hitachi, ADP, PwC, Google, KPMG, Wipro and Microsoft - powering more than five million actions per month for over a million enterprise users. The company said revenue has grown roughly 50-fold in two years, with bookings above $150 million, gross margins near 80% and net dollar retention around 180%.
Agents Eating SaaS
Chief executive Surojit Chatterjee, a former Google and Coinbase product leader, said the fresh funding will finance geographic expansion into Asia-Pacific, South America and the Middle East, plus sales-and-marketing hires. "Progress in frontier models is actually very beneficial to us," Chatterjee said, arguing that Ema's multi-agent orchestration layer captures value even as underlying models commoditise.
A Growing AI-Agent Cohort
The Series B lands the same week Snorkel AI tripled its valuation to $3.5 billion and follows related enterprise-AI bets like Salesforce and NVIDIA's Koa reasoning model, part of an investor rush into agents that automate work across HR, IT and finance rather than just generate text.
Reporting based on coverage from TechCrunch, GlobeNewswire, PYMNTS and FinTech Global.