Ema Raises $77M Series B to Expand AI Agent Platform for Enterprise Automation
Ema reports revenue growth of 50-fold in two years, bookings above $150M, ~180% net dollar retention and gross margins near 80%. The Series B brings total funding to $140M and follows a more-than-fourfold valuation increase since 2024.
Ema, a startup that deploys teams of AI agents to automate corporate processes across HR, IT, and finance, raised $77 million in a Series B round announced in September 2026, bringing its total funding to $140 million and more than quadrupling its valuation from its previous raise in 2024.
The round was led by Bengaluru-based venture firm Creaegis, with existing investors Accel, Section 32, and Prosus increasing their stakes. Ema confirmed the financing consisted entirely of primary equity, with no debt or secondary transactions. The Mountain View-headquartered company declined to disclose its current valuation.
Ema was founded in 2023 by Surojit Chatterjee, a former Google and Coinbase executive, and Souvik Sen, a former Okta executive. The company’s platform — which it describes as “AI employees” — coordinates multiple AI agents to carry out multi-step business processes across a company’s existing applications, drawing on more than 150 AI models.
The startup counts more than 50 active enterprise customers, including Google, Microsoft, ADP, PwC, KPMG, Wipro, NTT DATA, and Hitachi, and reports over one million active enterprise users. Revenue has grown 50-fold over the past two years, and revenue bookings — which include the total value of multiyear contracts — have surpassed $150 million. Ema’s net dollar retention rate stands at approximately 180%, and the company says it maintains gross margins close to 80%.
Chatterjee said Ema’s pricing is tied to task completion and business outcomes rather than software seats or AI token consumption. He also noted that more than 90% of customers have expanded beyond their initial use case.
The new capital will primarily support sales and marketing expansion. Ema, which currently employs nearly 200 people across offices in Bengaluru, London, and Vancouver, has focused mainly on the U.S. and European markets and plans to expand into Asia-Pacific, South America, and parts of the Middle East over the next year.
Chatterjee said AI could also take over implementation and consulting work traditionally performed by IT services firms, suggesting this may pressure established services business models over time.