Ema, a provider of enterprise agentic artificial intelligence, has announced a $77 million Series B funding round led by Creaegis. Existing investors Accel, Section 32, and Prosus also increased their stakes in the company. The raise brings Ema's total funding to $140 million and more than quadruples its valuation from the previous round.
Funding Structure and Investor Confidence
The Series B round was entirely primary equity, with no debt or secondary component. Creaegis led the investment from its base in Bengaluru, while Accel, Section 32, and Prosus added to their existing positions. Although the new valuation was not disclosed, the company confirmed it is more than four times the mark set in 2024.
An Agentic Platform for Business Outcomes
Founded in 2023 by former Google and Coinbase executive Surojit Chatterjee and former Okta executive Souvik Sen, Ema sells orchestrated teams of AI agents that it calls AI Employees. These agents execute multi-step workflows across human resources, information technology, and finance systems. The platform wraps around a customer's existing software stack and is designed to reduce dependence on it over time.
Proven Deployment at Enterprise Scale
Ema's traction suggests the technology is already moving beyond proof of concept. At Wipro, Ema powers an employee assistant supporting more than 240,000 associates across 65 countries, automating over 100 workflows and handling approximately 2.9 million employee queries a year. Response times have fallen from days to seconds while employee satisfaction has risen by 20 percent.
Product Model and Competitive Moat
The company uses an agentic harness that builds a context graph of organizational processes, allowing successive deployments to improve accuracy and domain understanding. Ema combines outputs from more than 150 large language models, which it says delivers higher accuracy and lower costs than relying on a single frontier model. The platform is enterprise-grade from day one and follows leading security and governance protocols.
Growth Metrics and Customer Expansion
Ema reports more than 50 active enterprise deals, over one million active enterprise users, and more than five million processed actions and queries. Revenue has grown fifty-fold over the past two years, while revenue bookings from multiyear contracts have surpassed $150 million. Net dollar retention is around 180 percent, meaning the average existing customer nearly doubles its spending within a year.
Use of Funds and Geographic Expansion
The new capital will primarily support sales and marketing after several years focused on product development. Ema plans to expand from its current United States and Europe base into Asia-Pacific, South America, and parts of the Middle East. The company is headquartered in Mountain View and has offices in Bengaluru, London, and Vancouver.
Industry Implications
Ema positions itself as an alternative to enterprise software licenses and costly IT services engagements. Its customer roster includes NTT DATA, Hitachi, ADP, PwC, Google, KPMG, Wipro, and Microsoft. By charging on task completion and business outcomes rather than per seat or per token, the company aims to align its revenue model with the results enterprises expect.
Ema's latest funding round demonstrates investor confidence that agentic AI can move from pilots to production at global enterprises. The company's quadrupled valuation and strong customer expansion metrics suggest that demand for outcome-focused AI Employees is accelerating. As the market matures, the key test will be whether independent orchestration platforms can maintain their position as frontier model providers build deeper enterprise capabilities of their own.