AI Agent Startup Ema Lands $77M to Displace Traditional Enterprise Software

Ema, a startup that uses coordinated AI agents to automate HR, IT, and finance processes, has raised $77 million in a Series B round led by Creaegis, bringing its total funding to $140 million. The company says its technology can wrap around existing enterprise applications and eventually replace some large SaaS products entirely. Founded by former Google and Coinbase executive Surojit Chatterjee, Ema counts Google and Microsoft among its more than 50 enterprise customers.

Ema’s $77 million Series B, led by Creaegis, lifts total funding to $140 million and quadruples its valuation since 2024, though the exact figure stays private. The startup reports 50-plus active enterprise deals, over 1 million active users, and 5 million-plus actions handled, with clients including Google, Microsoft, NTT DATA, and PwC. Revenue has grown 50-fold in two years, and bookings exceed $150 million—mostly multiyear contracts. Founder Surojit Chatterjee, a former Google and Coinbase executive, says more than 90% of customers expand beyond initial use cases, with net dollar retention near 180%.

Ema’s model coordinates multiple AI agents to automate multi-step HR, IT, and finance workflows, first wrapping around existing SaaS tools before potentially replacing them. The startup draws on over 150 models, including frontier and open-source options, positioning itself as an orchestrator rather than a model developer. Chatterjee sees frontier AI labs as allies, not rivals, since their progress improves Ema’s capabilities. He also expects AI to absorb some implementation and consulting work traditionally done by IT services firms, many of which now partner with Ema.