Yes, EMULATED is a Scrabble word!

Letter values in Scrabble US: E 1, M 3, U 1, L 1, A 1, T 1, E 1, D 2.

Is it a valid word?

EMULATED is a valid word in the official Scrabble dictionary (US), the UK Scrabble Dictionary and Words with Friends (ENABLE).

strive to equal or match, especially by imitating
imitate the function of (another system), as by modifying the hardware or the software
compete with successfully; approach or reach equality with