Ema

Enterprise AI · AI Agents · SaaS

Funding

Ema raises $77M Series B, quadrupling valuation as AI agents replace SaaS

Its AI agents already run HR, IT and finance for Fortune 500 firms instead of just piloting demos.

• Ema raised a $77 million Series B led by Bengaluru-based Creaegis, with existing backers Accel, Section 32 and Prosus all increasing their stakes.
• Founded in 2023 by ex-Google/Coinbase executive Surojit Chatterjee and ex-Okta executive Souvik Sen, Ema builds 'AI Employees' that coordinate multiple agents to run multi-step HR, IT and finance workflows across a company's existing apps.
• The round brings Ema's total funding to $140 million and more than quadruples its valuation from its 2024 round, though the company declined to disclose the figure; the raise was entirely primary equity.
• Ema reports revenue up 50x over two years, more than $150 million in contract bookings, over 1 million active enterprise users and roughly 180% net dollar retention.
• At one large IT services client, Ema's assistant supports over 240,000 employees across 65 countries, automating 100+ workflows and handling about 2.9 million queries a year, cutting response times from days to seconds.
• CEO Surojit Chatterjee says many customers are on track to fully replace large SaaS applications, which he argues are 'becoming like a database' once Ema's agents wrap around them.
• The deal shows enterprise AI moving past pilot-stage demos into production deployments at Fortune 500 scale, pitting agent startups directly against incumbent SaaS vendors and IT services firms for the same budget dollars.