About Elastic
Elastic is a company based in Mountain View (United States) founded in 2012 by Shay Bannon, Steven Schuurman, Simon Willnauer, and Uri Boness.. Elastic has raised $104 million across 3 funding rounds from investors including Index Ventures, NEA and Benchmark. The company has 3,540 employees as of April 30, 2024. Elastic has completed 13 acquisitions, including California Micro Devices, Endgame and Found Norway. Elastic operates in a competitive market with competitors including Cohere, Glean, Coveo, Eigen Technologies and Sanalabs, among others.
- Headquarter Mountain View, United States
- Employees 3540 as on 30 Apr, 2024
- Founders Shay Bannon, Steven Schuurman, Simon Willnauer, Uri Boness
- Stage Public
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Elastic N.V.
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Annual Revenue
$1.48 B17.04as on Apr 30, 2024
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Net Profit
$-108.11 M-275.17as on Apr 30, 2024
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EBITDA
$-41.7 M60.11as on Apr 30, 2024
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Total Equity Funding
$104 M (USD)
in 3 rounds
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Latest Funding Round
$70 M (USD), Series C
Jun 05, 2014
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Investors
Index Ventures
& 5 more
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Employee Count
3540
as on Apr 30, 2024
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Investments & Acquisitions
California Micro Devices
& 12 more
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IPO & Listings of Elastic
Elastic is a publicly listed company on the NYSE with ticker symbol ESTC in USA, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Software Development Team
217 people
Leadership Team
142 people
Sales and Marketing
91 people
Senior Team
39 people
Product Management Team
23 people
Finance and Accounting
22 people
Operations Team
14 people
Legal and Compliance
13 people
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Funding Insights of Elastic
Elastic has successfully raised a total of $104M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $70 million completed in June 2014. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series C — $70.0M
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First Round
First Round
(08 Nov 2012)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2014 | Amount | Series C - Elastic | Valuation | New Enterprise Associates | |
| Feb, 2013 | Amount | Series B - Elastic | Valuation | Mike Volpi | |
| Nov, 2012 | Amount | Series A - Elastic | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Elastic
Elastic has secured backing from 6 investors, including venture fund and angel investors. Prominent investors backing the company include Index Ventures, NEA and Benchmark. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investments in technology startups and entrepreneurs.
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Founded Year | Domain | Location | |
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Venture capital investments are offered to startups by NEA.
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Founded Year | Domain | Location | |
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Venture capital investments are offered to promising startups.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Elastic
Elastic has strategically engaged in corporate development activities, having acquired 13 companies. Notable acquisitions include California Micro Devices, Endgame and Found Norway. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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An open source alerting tool is developed by Keep.
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2023 | ||||
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Cloud-based Python library for neural networks and search is provided.
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2020 | ||||
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Secure application authorization is provided through an integrated platform.
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2020 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Elastic
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Elastic Comparisons
Competitors of Elastic
Elastic operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Cohere, Glean, Coveo, Eigen Technologies and Sanalabs, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Text data analytics platform powered by AI for enterprises.
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| domain | founded_year | HQ Location |
Cloud-based platform for enterprise search
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| domain | founded_year | HQ Location |
Enterprise text analytics are delivered through a cloud-based platform.
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| domain | founded_year | HQ Location |
AI solutions for data extraction from documents are provided.
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| domain | founded_year | HQ Location |
AI interfaced collaborative learning and knowledge management platform for enterprises
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Elastic
Frequently Asked Questions about Elastic
When was Elastic founded?
Elastic was founded in 2012.
Where is Elastic located?
Elastic is headquartered in Mountain View, United States. It is registered at Mountain View, California, United States.
Who is the current CEO of Elastic?
Steven Schuurman is the current CEO of Elastic. They have also founded this company.
Is Elastic a funded company?
Elastic is a funded company, having raised a total of $104M across 3 funding rounds to date. The company's 1st funding round was a Series A of $10M, raised on Nov 08, 2012.
How many employees does Elastic have?
As of Apr 30, 2024, the latest employee count at Elastic is 3,540.
What is the annual revenue of Elastic?
Annual revenue of Elastic is $1.48B as on Apr 30, 2024.
What does Elastic do?
Elastic was founded in 2012 in Mountain View, United States, within the cloud computing and data analytics sector. An open search and analytics engine is operated for handling structured, unstructured, and time series data. Log data from various sources is gathered through AI and machine learning for visualization. Key features such as deployment, monitoring, security, and notifications are supported. Access is granted via a subscription-based pricing model.
Is Elastic publicly traded?
Yes, Elastic is publicly traded on NYSE under the ticker symbol ESTC.
How many acquisitions has Elastic made?
Elastic has made 13 acquisitions, including California Micro Devices, Endgame, and Found Norway.
Who are Elastic's investors?
Elastic has 6 investors. Key investors include Index Ventures, NEA, Benchmark, SV Angel, and Mike Volpi.
What is Elastic's ticker symbol?
The ticker symbol of Elastic is ESTC on NYSE.
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