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
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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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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$253.4 M (USD)
in 5 rounds
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Latest Funding Round
$151.4 M (USD), Series B
Sep 13, 2019
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Investors
ServiceNow
& 17 more
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Employee Count
Not available
- Investments & Acquisitions
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Acquired by
ServiceNow
(Nov 30, 2020)
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People of Element AI
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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
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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.
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.
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Venture capital firm focused on multiple sectors
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Early-stage venture capital is provided to Canadian technology startups by Real Ventures.
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Investment strategies are provided across diverse asset classes and markets.
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Investor details for Element AI
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Investments & Acquisitions by Element AI
Element AI has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Machine Learning Database.
Investment portfolio details for Element AI
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- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Open-source Machine Learning Database
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Complete acquisition details for Element AI
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- Acquired stakes
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Financial Statements - Element AI
Detailed financials for Element AI
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Element Ai Comparisons
Peer comparison for Element AI
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Machine learning services are provided to enterprises by TAZI.
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Provider of custom services using artificial intelligence and deep learning technologies
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Custom AI solutions are provided using proprietary neural network framework.
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AI and deep learning solutions for data analysis are provided.
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Custom solutions based on deep learning are provided by Dessa.
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Detailed competitors of Element AI
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Latest news on Element Ai
Complete news archive for Element AI
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Frequently Asked Questions about Element AI
Element AI was founded in 2016.
Element AI is headquartered in Montreal, Canada. It is registered at Montreal, Quebec, Canada.
Element AI is a funded company, having raised a total of $253.4M across 5 funding rounds to date.
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.
Element AI's top competitors include AIATOR, Razor Labs and Aptus.AI.
Element AI has made 1 acquisition, including Machine Learning Database.
Element AI has 18 investors. Key investors include ServiceNow, Tencent, National Bank of Canada, McKinsey, and Hanwha.