Ema | $77M (Series B)

Founders: Surojit Chatterjee, Souvik Sen

Founded: 2023

HQ: Mountain View, CA (offices in Bengaluru, London, Vancouver)

Sector: Enterprise AI / Agentic Automation

What they do

→ Builds "AI Employees" that plan and execute work across HR, IT, and Finance functions

→ Integrates with 250+ business applications and systems of record, drawing on 150+ underlying AI models

→ Keeps human oversight in place for decisions that require approval

→ Used in production by Wipro, Hitachi, ADP, and PwC, handling millions of interactions annually

The Funding

→ Raised $77M in Series B, led by Creaegis

→ Every major existing investor Accel, S32, Prosus Ventures increased their stake; Hitachi Ventures and Wipro Ventures also joined

→ Round was entirely primary equity, no debt or secondary

→ Follows a $25M round in March 2024; total funding now $140M

→ More than quadrupled Ema's valuation from its previous round

Why it matters

→ Revenue has grown 50x in 24 months, with $150M+ in bookings including multiyear contracts

→ CEO argues AI Employees could eventually reduce enterprise reliance on traditional SaaS and IT services firms

→ New capital will fund expansion into Asia-Pacific, South America, and the Middle East

→ Signals investor conviction shifting from AI pilots to full production-scale enterprise deployment

Will "AI Employees" actually replace enterprise software, or just sit on top of it?