Ema raises $77 million by selling "AI employees" billed by the task, not by the headquarters

The Series B led by Creaegis brings the total to €140 million and quadruples the 2024 valuation. The company claims more than 50 large accounts and a net retention of 180%.

Founded in 2023 by Surojit Chatterjee, who has worked for Google and Coinbase, and Souvik Sen, formerly of Okta, Ema sells what it calls AI employees: sets of coordinated agents that support human resources, finance, and internal IT processes. The company announces a $77 million Series B round led by Bangladeshi fund Creaegis, with Accel, Section 32, and Prosus putting money into the pot.

The round brings the cumulative funding to $140 million and more than quadruples the 2024 valuation, without the exact amount being disclosed. Ema claims more than fifty major account customers — including Google, Microsoft, ADP, PwC, Wipro, Hitachi and NTT DATA — more than one million active users, revenues multiplied by fifty in two years and a portfolio of contracts exceeding $150 million in total value.

Two figures catch investors' attention: a net dollar retention of 180% and gross margins of around 80%, unusual for a company that runs models. The billing model helps: Ema does not sell licenses per user but tasks completed. Chatterjee defends the idea that this pricing model will gradually replace traditional SaaS applications.