Ema, a generative AI company creating the universal employee of
the future, announced its Series A totals $50M, after adding $36M in funding led by Accel and Section 32. The
round also includes participation from Prosus Ventures, Sozo
Ventures, Hitachi Ventures, Wipro Ventures, SCB 10X, Colle Capital
and Frontier Ventures. The company has raised $61M to date.
SAN
FRANCISCO, July 31, 2024 /PRNewswire-PRWeb/ -- Today,
Ema, a generative AI company creating the universal employee of the
future, announced its Series A totals $50M, after adding $36M in funding led by Accel and Section 32. The
round also includes participation from Prosus Ventures, Sozo
Ventures, Hitachi Ventures, Wipro Ventures, SCB 10X, Colle Capital
and Frontier Ventures. The company has raised $61M to date. Ema has more than tripled its
customer base since it came out of stealth in March.
Ema's innovative agentic AI system is designed to revolutionize
the workplace by performing a wide range of complex tasks with a
collection of AI agents (called Ema's Personas), improving
efficiency, and boosting productivity across countless
organizations. All of Ema's Personas are equipped with the
essential benefits of seamless integration, data protection, and
unrivaled accuracy. Ema addresses the shortcomings of LLMs such as
inaccurate outputs, potential data security risks, and an inability
to provide domain-specific insights crucial for informed
decision-making with its agentic AI architecture. Unlike static
LLMs, Ema's agentic AI systems can:
- Adapt to enterprise-specific data and workflows
- Leverage multiple LLMs based on accuracy, cost, and performance
requirements
- Maintain data privacy and security by operating within company
infrastructure
- Provide explainable and verifiable outputs, crucial for
business accountability
- Continuously update and learn from real-time enterprise
data
- Execute complex, multi-step tasks autonomously
Surojit Chatterjee, CEO and
co-founder of Ema, stated, "Our mission is to transform enterprises
and help every employee work faster with the help of
simple-to-activate and accurate agents. Our universal AI employee
will help enterprises execute tasks across customer support,
employee support, sales enablement, compliance, revenue operations,
and more, allowing teams to focus on the most strategic and highest
value projects."
The new funding will be used to continue iterating its
cutting-edge technology and expand its investments in R&D and
GTM so the company can meet the growing demand for its offerings.
Several companies such as Moneyview, TrueLayer, and Envoy Global,
are already partnering with Ema to bring agentic AI technology to
the enterprise. Ema was also recently selected for Microsoft's
invite-only Pegasus Program, an incubator for select B2B startups
that helps them accelerate growth with additional support in
uncovering leads, and GTM.
"Ema's platform enables enterprises to use generative AI to
streamline operations for substantial cost reductions or to unlock
new revenue streams," said Andy
Harrison, Partner at Section 32. "The company and management
team have a strong track record of enterprise-grade delivery,
reliability and compliance. Combined with the platform's proven
return on investment metrics, Ema is differentiated and has become
the partner of choice for all enterprises that want to add
next-generation AI to their operations or products."
"Ema abstracts out the underlying complexities of GenAI
implementation, catapulting enterprises directly to business/ROI
level discussions. Surojit and Souvik are visionary founders who
have invested in cutting-edge technology ahead of the market, and
built an A+ team across continents. They have demonstrated
significant impact for their customers quite early on in Ema's
journey. We're excited to continue our partnership with them as Ema
shapes enterprise software's next big frontier," said Subrata Mitra, Partner at Accel.
As a pioneer of agentic AI, Ema is leading a new era of
collaboration between human and AI employees, where innovation
flourishes, and productivity skyrockets.
Media Contact
Swati Trehan, Ema, 1 6509219363,
pr@ema.co, https://www.ema.co/
View original content to download
multimedia:https://www.prweb.com/releases/ema-increases-its-series-a-to-50m-with-new-funding-led-by-accel-and-section-32-302210654.html
SOURCE Ema