+254%

est. 2Y upside i

AI & MLSeries A

Ema is developing next-generation AI technologies to help every employee in the workplace be their most creative and productive. Ema is a seamless, accurate, and secure Enterprise Generative AI system that simplifies complex tasks using enterprise tools.

Rank

#60

Sector

Enterprise AI

Est. Liquidity

~5Y

Data Quality

Data: Medium

Despite the low valuation and high risk, the potential upside is significant.

Last updated: July 19, 2026

Bull (20%)+380%

Ema achieves category leadership with widespread adoption of AI employees, driven by strong partnerships with Microsoft and Hitachi. Revenue hits $29.3M at 10x multiple, implying $293M exit, but capped at 400% upside.

Base (35%)+331%

Ema maintains steady growth, revenue $29.3M at 7x multiple ($205M exit), yielding 351% upside before dilution and 331% after 20pp dilution adjustment.

Bear (45%)+138%

Competition from tech incumbents and slowing growth compress multiple to 4x, resulting in $117M exit and 158% upside before dilution, 138% after dilution.

Est. time to liquidity~5.0 years

Preference Stack Risk

severe

Funding Intensity

13400%

Total funding of $61M exceeds current valuation of $45.5M, indicating severe preference overhang for common stock.

Dilution Risk

high

With $15.2M ARR and no profitability, further funding rounds expected, diluting current equity by ~20%.

Secondary Liquidity

none

No secondary transactions reported for Ema.

Engineering — 27 roles

Sales — 15 roles

Product Management & Design — 10 roles

Post sales — 8 roles

Marketing — 5 roles

Operations — 5 roles

View all 70 open roles at Ema →

Last updated: March 9, 2026

Questions to Ask at the Interview

Strategic questions based on Ema's data — designed to show you've done your homework.

  • 1

    “How does Ema differentiate from Microsoft's Copilot and Salesforce's Einstein?”

  • 2

    “What is the net dollar retention and average contract length?”

  • 3

    “What is the current capitalization table and expected timeline to next financing?”

Community

Valuation Sentiment

Our model estimates +254% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.