The newly acquired funds signifies strong market confidence in Ema’s innovative vision.
BENGALURU, India (AI Reporter/News): A leading provider of enterprise-focused generative artificial intelligence (AI) solutions Ema has raised $25 million (about Rs 207.2 crore) in funding to accelerate innovation and business growth.
The funding round was led by Ema, a developer of generative AI solutions for enterprises, has raised $25 million funding from Accel, Section 32, and Prosus Ventures, with participation from Wipro Ventures, Venture Highway, AME Cloud Ventures, Frontier Ventures, Maum Group, and Firebolt Ventures.
Strategic Use of Funds
A generative AI startup which want to build “a universal AI employee” plans to channel funds into R&D and expansion. The aim is to enhance its AI offerings and market reach. “This funding fuels our quest for innovation,” Ema states.
Founders
Ema stands as a shorthand for Enterprise Machine Assistant, embodying cutting-edge AI solutions for businesses.
The San Francisco tech company was incepted in a year before, March 2023 by former Google luminaries Surojit Chatterjee and Souvik Sen.
Surojit Chatterjee, a tech innovator was chief product officer at Coinbase, a cryptocurrency exchange that successfully went public in 2021. He has served Google as a vice president of product mobile ads and shopping businesses.
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AI Solution
Innovative platform of Ema allows enterprises to build custom generative AI personas and applications to automate tasks. It increases efficiency and boost productivity. The AI system can hold conversations, understand context, learn from human feedback, and make informed decisions while collaborating with human employees.
The tech organizational has singular mission to empower enterprises with the ability to internally create generative AI personas and applications.
Surojit Chatterjee, Founder & CEO of Ema writes in his blog post, “With Ema, users can activate specialized Personas tailored to assist employees in specific roles, seamlessly collaborating with human counterparts to automate workflows efficiently.”
Our mission is to transform enterprises and empower every employee to work faster with the help of simple-to-activate, accurate and trustworthy AI employees.
Surojit Chatterjee, Founder and CEO, Ema
“We are delighted to emerge from stealth with the support of blue-chip institutional investors, renowned angels, multiple happy customers and an incredible talent pool of machine learning engineers. ” he said.
“We are just starting out on a journey that will change how humans and synthetic intelligence interact to build a more collaborative, productive and fulfilling workplace!”, further added.
Ema is designed as an AI tool to facilitate tasks across multiple departments within an organization.
Market Potential and Use Cases
“We see immense potential in generative AI to revolutionize enterprise efficiency,” said Ema CEO Surojit Chatterjee. “Our solution eliminates the heavy lifting typically associated with building custom AI applications, saving businesses months of development time.”
Ema’s AI solution is being deployed across various departments within enterprises, including customer support, legal, sales, compliance, HR, and IT. The company boasts a clientele that includes fintech companies like Moneyview (India) and TrueLayer (Europe).
Technology and Competitive Advantage
Ema leverages a combination of large public language models (including GPT-4, GPT-3.5-turbo, and others) and smaller in-house models to ensure accuracy and avoid factual errors (hallucinations). Such approaches sets Ema apart from competitors.
The company reveals that the Ema AI suite integrates with 200 commonly used enterprise software applications, including Salesforce and Workday, enabling a broader range of internal, AI-driven functionalities.
Investor Confidence
“Ema is at the forefront of enterprise generative AI, and their vision to drive efficiency across all business functions is truly transformative,” said Subrata Mitra, partner at Accel. “We are excited to support this team in their pursuit of innovation.”
Similarly, Ashutosh Sharma, head of investments at Prosus Ventures in India, lauded Ema for leading the next frontier of generative AI for enterprises, emphasizing the transformative impact of solving complex business problems through enhanced productivity and efficiency.
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