Ema, a startup that uses teams of AI agents to automate corporate processes across HR, IT, and finance, has raised $77 million in a new funding round as it aims to take on more of the work traditionally handled by enterprise software and IT services.

The Series B round was led by Bengaluru-based venture firm Creaegis, with existing investors Accel, Section 32, and Prosus increasing their stakes. The financing brings the startup’s total funding to $140 million and more than quadruples its valuation from its last funding round in 2024.

Founded in 2023 by former Google and Coinbase executive Surojit Chatterjee and ex-Okta executive Souvik Sen, Ema is looking to expand its position in the market. The startup deploys its technology, which it calls “AI employees” — systems that coordinate multiple AI agents to help carry out multi-step business processes across a company’s existing applications.

Chatterjee sees that model eventually reducing companies’ reliance on traditional software products, including those sold as software-as-a-service (SaaS). Ema first “wraps” around an enterprise’s existing applications, he said, before customers can reduce their dependence on some of those products — and, in some cases, replace them altogether.

Ema’s approach is already gaining traction. The startup has more than 50 active enterprise deals, as well as over 1 million active enterprise users, and has handled more than 5 million actions and queries. Its customers include NTT DATA, Hitachi, ADP, PwC, Google, KPMG, Wipro, and Microsoft.

Over the past two years, Ema said its revenue has grown 50-fold, while revenue bookings have surpassed $150 million. Chatterjee said the bookings figure includes the total value of multiyear contracts, including two- and three-year deals, rather than representing annual recurring revenue.

Ema is also looking beyond the software itself. AI, Chatterjee said, can take over some of the implementation, integration, and consulting work that companies have traditionally paid IT services firms to perform around enterprise software.

Much of Ema’s new capital will go toward expanding its go-to-market operations, particularly sales and marketing, after spending its first years largely building the product, Chatterjee said. The Mountain View-headquartered startup has grown to nearly 200 employees and has its offices in Bengaluru, London, and Vancouver.

Este artículo fue escrito con la asistencia de IA.
News Factory APP - noticias agénticas para impulsar tu SEO y AEO.