Ema raises $77M Series B as AI agents challenge enterprise SaaS spending
The AI-agent startup's new round, led by Creaegis, more than quadruples its 2024 valuation as it pitches itself as a replacement for traditional enterprise software.
What to know
- Ema's $77M Series B, led by Creaegis, brings total funding to $140 million and more than quadruples its 2024 valuation, which the company declined to disclose.
- The round is entirely primary equity with no debt or secondary transactions.
- Ema now serves 50+ enterprise customers including Google, Microsoft, PwC, KPMG, and Wipro, with over 1 million active enterprise users and revenue up 50-fold over two years.
- The raise underscores a broader trend of AI agents competing for enterprise software and IT-services budgets, with frontier labs like OpenAI and Anthropic also pushing into the same market that Ema says it does not view as direct competition.
“Progress in frontier models is actually very beneficial to us”
Surojit Chatterjee, Ema co-founder and CEO · TechCrunch ↗ · Sep 22
Surojit Chatterjee Co-founder and CEO of EmaSouvik Sen Co-founder of EmaCreaegis Lead investor in Ema's Series BAnthropic AI lab competitor in enterprise marketOpenAI AI lab competitor in enterprise market
How it unfolded 1 development · click the chart to see its coverage articlesposts
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Ema raises $77M Series B led by Creaegis
The all-primary-equity round, led by Bengaluru-based Creaegis with increased stakes from Accel, Section 32, and Prosus, brings Ema's total funding to $140 million; the startup now has more than 50 enterprise customers including Google and Microsoft, over 1 million active enterprise users, and says revenue has grown 50-fold over two years with bookings surpassing $150 million.
“Many of our customers are already on the way to replace [large SaaS applications] completely, removing dependency on them, because they are mostly becoming like a database…”
— Surojit Chatterjee -
first by FinTech Global, 14h ago · also PYMNTS, SiliconANGLE, TechCrunch
3 more headlines
- Ema Secures $77 Million to Scale AI Agents Across Enterprises PYMNTS · 14h ago
- Ema raises $77M in funding to deploy AI employees across enterprise HR, IT and finance departments SiliconANGLE · 14h ago
- Ema, which uses AI agents to automate corporate processes across HR, IT, and finance, raised a $77M Series B led by Creaegis, taking its total funding to $140M TechCrunch · 14h ago
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2 outlets first by The Economic Times, 15h ago · also Times of India · read ↗
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Ema, a startup deploying AI agents to automate corporate processes across HR, IT and finance, has raised 77M USD in Series B funding. The round was led by Creaegis with participation from Accel, Section 32 and Prosus, bringing total funding to 140M USD. Founded in 2023 by former Google and Coinbase executives, the startup aims to replace…
2 more of the top 3 · 5 posts in this stretch
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We just raised a $77M Series B round, led by Creaegis and with Accel, S32, and Prosus all increasing their existing investments. This brings our total funding to date to $140M. Some of the world's largest companies run their HR, IT & Finance hubs on Ema's agentic AI Employees. We can't wait to h...
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Ema has raised $140 million to date and has more than 50 enterprise customers, including Google and Microsoft. #Techcrunch #breakingnews #news #othur
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background
Ema closes prior funding round — Ema raised an earlier round in 2024 that set a valuation the new Series B has since more than quadrupled, according to the company.
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background
Chatterjee and Sen found Ema — Former Google and Coinbase executive Surojit Chatterjee and ex-Okta executive Souvik Sen founded Ema to build 'AI employees' — coordinated teams of AI agents that automate multi-step business processes across a company's existing applications.
Also covered reported alongside — the timeline has no entry for these yet
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first by TechCrunch, 15h ago
1 more headline