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Ema raises $77M as AI starts eating into enterprise software and services

TechCrunch · AIby Jagmeet Singh ()4 min read
AI summary · glm-5.3Summaries by Vani AI

AI startup Ema raises $77M Series B to scale its 'AI employees' platform that automates enterprise processes and aims to replace traditional SaaS applications.

AI startup Ema has raised $77 million in a Series B round led by Creaegis, bringing total funding to $140 million. The company provides 'AI employees' that use multiple agents to automate business processes across HR, IT, and finance, aiming to replace traditional SaaS applications. Ema reports 50x revenue growth over two years, 80% gross margins, and a net dollar retention rate of approximately 180%.

Key facts
  • Ema raises $77M Series B for AI agents automating HR, IT, and finance processes.
  • Startup claims to replace enterprise SaaS by orchestrating across existing apps.
  • Total funding is $140M; revenue has grown 50x over two years with 80% gross margins.
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From the original article

4 min read at techcrunch.com

Ema has raised $140 million to date and has more than 50 enterprise customers, including Google and Microsoft.

TechCrunch · AI

By Jagmeet Singh · techcrunch.com

Read the full article at TechCrunch · AI

A short excerpt; the article and its images belong to the publisher. Summary, key facts and assessment above are AI-written from the article and can be wrong.