About Element AI
Element AI is a company based in Montreal (Canada) founded in 2016 was acquired by ServiceNow in November 2020.. Element AI has raised $253.4 million across 5 funding rounds from investors including ServiceNow, Tencent and National Bank of Canada. Element AI has completed 1 acquisition, including Machine Learning Database. Element AI operates in a competitive market with competitors including TAZI, Razor Labs, AIATOR, Aptus.AI and Dessa, among others.
- Headquarter Montreal, Canada
-
Sectors
Technology
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$253.4 M (USD)
in 5 rounds
-
Latest Funding Round
$151.4 M (USD), Series B
Sep 13, 2019
-
Investors
ServiceNow
& 17 more
-
Employee Count
Employee Count
- Investments & Acquisitions
-
Acquired by
ServiceNow
(Nov 30, 2020)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Unlock access to complete
Unlock access to complete
Software Development Team
495 people
Leadership Team
182 people
Product Management Team
180 people
Sales and Marketing
132 people
Senior Team
51 people
Operations Team
48 people
Human Resources and Administration
35 people
Finance and Accounting
24 people
Unlock access to complete
Funding Insights of Element AI
Element AI has successfully raised a total of $253.4M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $151.4 million completed in September 2019. 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 5
- Last Round Series B — $151.4M
- First Round First Round
- Investors Count 17
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2019 | Amount | Series B - Element AI | Valuation | Caisse de depot et placement du Quebec , QuantumBlack | |
| Dec, 2018 | Amount | Debt – Conventional - Element AI | Valuation |
investors |
|
| Jun, 2017 | Amount | Series A - Element AI | Valuation | DCVC , Intel Education Accelerator |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Element AI
Element AI has secured backing from 18 investors, including venture fund and institutional investors. Prominent investors backing the company include ServiceNow, Tencent and National Bank of Canada. 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 |
|---|---|---|---|---|
|
Venture capital firm focused on multiple sectors
|
Founded Year | Domain | Location | |
|
Early-stage venture capital is provided to Canadian technology startups by Real Ventures.
|
Founded Year | Domain | Location | |
|
Investment strategies are provided across diverse asset classes and markets.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Element AI
Element AI has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Machine Learning Database. 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 |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Open-source Machine Learning Database
|
2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Element AI
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Element Ai Comparisons
Competitors of Element AI
Element 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 TAZI, Razor Labs, AIATOR, Aptus.AI and Dessa, 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 |
Machine learning services are provided to enterprises by TAZI.
|
|
| domain | founded_year | HQ Location |
Provider of custom services using artificial intelligence and deep learning technologies
|
|
| domain | founded_year | HQ Location |
Custom AI solutions are provided using proprietary neural network framework.
|
|
| domain | founded_year | HQ Location |
AI and deep learning solutions for data analysis are provided.
|
|
| domain | founded_year | HQ Location |
Custom solutions based on deep learning are provided by Dessa.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Element Ai
Frequently Asked Questions about Element AI
When was Element AI founded?
Element AI was founded in 2016.
Where is Element AI located?
Element AI is headquartered in Montreal, Canada. It is registered at Montreal, Quebec, Canada.
Is Element AI a funded company?
Element AI is a funded company, having raised a total of $253.4M across 5 funding rounds to date. The company's 1st funding round was a Series A of $102M, raised on Dec 12, 2016.
What does Element AI do?
Element AI was founded in 2016 and is headquartered in Montreal, Canada. Custom AI products and services are developed for enterprises using proprietary enablement tools. Solutions for data labeling and AI model training are also offered. Operations focus on sectors including logistics, manufacturing, and retail. Partnerships with AWS, Microsoft, and NVIDIA support these activities.
Who are the top competitors of Element AI?
Element AI's top competitors include AIATOR, Razor Labs and Aptus.AI.
How many acquisitions has Element AI made?
Element AI has made 1 acquisition, including Machine Learning Database.
Who are Element AI's investors?
Element AI has 18 investors. Key investors include ServiceNow, Tencent, National Bank of Canada, McKinsey, and Hanwha.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.