Back to all articles
•Technology

AI Startup Ema Secures $77M to Revolutionize Corporate Automation

View original source

Ema, a Mountain View-headquartered startup utilizing AI agents to automate processes in HR, IT, and finance, has secured $77 million in a Series B funding round.

  • Led by Creaegis, with participation from existing investors Accel, Section 32, and Prosus, the funding raises Ema's total capital to $140 million.
  • Founded in 2023 by ex-Google and Coinbase executive Surojit Chatterjee, alongside former Okta exec Souvik Sen, Ema seeks to replace traditional enterprise software by deploying "AI employees" that automate multi-step processes across existing applications.
  • Key Clients: Ema has more than 50 active enterprise deals and over 1 million users including companies like NTT DATA, Hitachi, and Microsoft.
  • Financial Growth: Reported a 50-fold increase in revenue with bookings surpassing $150 million.
  • Ema's pricing model focuses on the completion of tasks rather than software seats, maintaining high gross margins.
  • Alongside securing funding, Ema plans to expand into Asia-Pacific, South America, and the Middle East."
  • They have leveraged the progress of frontier AI models, requiring minimal human intervention for support, which is enhancing their efficiency and market position.