About Electric AI
Electric AI is a company based in New York (United States) founded in 2016 by Ryan Denehy.. Electric AI has raised $211.11 million across 8 funding rounds from investors including Slack, Bessemer Venture Partners and Greenspring Associates. The company has 175 employees as of December 31, 2023. Electric AI has completed 2 acquisitions, including Sinu and Techvera. Electric AI offers products and services including IT Platform, Device Management, Application Management, and Cybersecurity Solutions. Electric AI operates in a competitive market with competitors including ServiceNow, NinjaOne, BMC Software, ManageEngine and Metaplane, among others.
- Headquarter New York, United States
- Employees 175 as on 31 Dec, 2023
- Founders Ryan Denehy
- Stage Unicorn
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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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Products & Services of Electric AI
Electric AI offers a comprehensive portfolio of products and services, including IT Platform, Device Management, Application Management, and Cybersecurity Solutions. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Unified system for managing IT and security operations
Centralized control of business devices and provisioning
Automated handling of software and access controls
Protection against cyber attacks via integrated tools
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Product Management Team
7 people
Software Development Team
6 people
Board Team
5 people
Human Resources and Administration
4 people
Finance and Accounting
4 people
Leadership Team
3 people
Senior Team
1 people
Data Analysis and Operations Team
1 people
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Funding Insights of Electric AI
Electric AI has successfully raised a total of $211.11M across 8 strategic funding rounds. The most recent funding activity was a Series D round of $23.35 million completed in March 2022. 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 8
- Last Round Series D — $23.4M
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First Round
First Round
(13 Oct 2016)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2022 | Amount | Series D - Electric AI | Valuation | Harmonic , Bessemer Venture Partners |
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| Oct, 2021 | Amount | Series D - Electric AI | Valuation | GGV Capital | |
| Feb, 2021 | Amount | Series C - Electric AI | Valuation | Greenspring Associates |
| 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 |
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Investors in Electric AI
Electric AI has secured backing from 13 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Slack, Bessemer Venture Partners and Greenspring Associates. 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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Expansion-stage venture investing is offered by Harmonic Growth Partners.
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Founded Year | Domain | Location | |
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Venture capital investments and support for entrepreneurs in technology and innovation sectors.
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Founded Year | Domain | Location | |
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Diversified investment management firm
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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 Electric AI
Electric AI has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Sinu and Techvera. 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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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
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IT service suite solutions are provided to various clients.
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Provider of IT service suite solutions
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OVO is recognized as a smart digital payment application.
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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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Financial Statements - Electric AI
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
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Electric Ai Comparisons
Competitors of Electric AI
Electric AI 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 ServiceNow, NinjaOne, BMC Software, ManageEngine and Metaplane, 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 |
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| domain | founded_year | HQ Location |
Unified IT management is delivered through a cloud-based platform.
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| domain | founded_year | HQ Location |
Cloud based platform offering IT management solutions
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| domain | founded_year | HQ Location |
Cloud-based unified IT management software is offered for enterprise needs.
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| domain | founded_year | HQ Location |
Cloud-based enterprise IT management and support software is delivered.
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| domain | founded_year | HQ Location |
ML powered data observability platform
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| domain | founded_year | HQ Location |
Cloud based platform offering unified IT management solutions
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Electric Ai
Frequently Asked Questions about Electric AI
When was Electric AI founded?
Electric AI was founded in 2016.
Where is Electric AI located?
Electric AI is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Electric AI?
Ryan Denehy is the current CEO of Electric AI. They have also founded this company.
Is Electric AI a funded company?
Electric AI is a funded company, having raised a total of $211.11M across 8 funding rounds to date. The company's 1st funding round was a Series C of $40M, raised on Oct 13, 2016.
How many employees does Electric AI have?
As of Dec 31, 2023, the latest employee count at Electric AI is 175.
What does Electric AI do?
Electric AI was founded in 2016 in New York, United States, and operates in the IT sector. Software solutions are provided for chatbot-based troubleshooting in enterprises. A unified platform is offered for IT asset management, including monitoring of network security, applications, operating systems, databases, activity tracking, auditing, and device recognition.
Who are the top competitors of Electric AI?
Electric AI's top competitors include ServiceNow, NinjaOne and Metaplane.
What products or services does Electric AI offer?
Electric AI offers IT Platform, Device Management, Application Management, and Cybersecurity Solutions.
How many acquisitions has Electric AI made?
Who are Electric AI's investors?
Electric AI has 13 investors. Key investors include Slack, Bessemer Venture Partners, Greenspring Associates, Harmonic Growth Partners, and Primary.
What is Electric AI's valuation?
The valuation of Electric AI is $1B as of Mar 2022.