About Element AI
Element AI is a Technology company based in Montreal (Canada) founded in 2016, and was acquired by ServiceNow in November 2020. Custom AI development solutions are provided for enterprises. 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. Its website elementai.com draws about 62 thousand monthly visits. Its focus areas include High Tech, Native AI Infrastructure, Machine Intelligence Systems and Custom Services.
Company details
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.
- Headquarters Montreal, Canada
- Stage Acquired
- SectorsTechnology
- Email••••••••
- Website elementai.com
- Social LinkedIn X Facebook
- Acquired by ServiceNow (Nov 2020)
- Total Equity Funding$253.4M (USD)
in 5 rounds
- Latest Funding Round$151.4M (USD), Series B
Sep 2019
- InvestorsServiceNow
& 17 more
- Investments & Acquisitions
- Acquired byServiceNow
(Nov 2020)
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 $253.4M
- Total Rounds 5
- Last Round Series B — $151.4M
- Investors Count 17
All 5 funding rounds of Element AI with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2019 | $151.4M | Series B | – | Caisse de depot et placement du Quebec, QuantumBlack | |
| Dec 2018 | $4.92M | Debt – Conventional | – | – | |
| Jun 2017 | $102M | Series A | – | DCVC, Intel Education Accelerator | |
| Jun 2017 | Seed | – | Ausvic Capital | – | |
| Dec 2016 | Seed | – | M12 | – |
18 investors in total: 18 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on multiple sectors | dcvc.com | Palo Alto, United States | ||
Early-stage venture capital is provided to Canadian technology startups by Real Ventures. | realventures.com | Montreal, Canada | ||
Investment strategies are provided across diverse asset classes and markets. | 1965 | cdpq.com | Quebec City, Canada | |
Venture capital fund investing in tech startups | pegasustechventures.com | San Jose, United States | ||
Venture capital investments in technology startups are facilitated by M12. | m12.vc | San Francisco, United States | ||
AI and data science startups are accelerated through specialized support. | nvidia.com/en-us/deep-learning-ai/startups | Santa Clara, United States | ||
Education startups are funded and mentored by Intel-backed accelerator. | intel.com/content/www/us/en/education/accelerator/education-accelerator-home.html | |||
Tech startups are invested in by Ausvic Capital VC firm. | ausviccapital.com | Hong Kong, China | ||
Manufacturer of solar cells, modules, and other related components | 1952 | hanwha.com | Seoul, South Korea | |
Commercial banking services for small and medium-sized enterprises are provided. | 1944 | bdc.ca | Montreal, Canada |
Investor details for Element AI
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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People of Element AI
1351 people are tracked at Element AI (557 in leadership, 11 in board & advisors, 783 in team).
| Name | Role | Group |
|---|---|---|
Kathleen Warren | Senior Director | Leadership |
Lewis Barker Mcr.w | Director, Global WPS & Re, EMEA |global Strategy, Innovation & Transformation |global Sustainability | Leadership |
Elie A. | Director, Telecom, Media And Technology (tmt) Go-to-market - EMEA South | Leadership |
Vicky Nyffeler | Director, Strategic Operations - Platform & AI Product Operations | Leadership |
Nicholas Stamp Miller | Director Of Digital Marketing Strategy & Operations | Leadership |
Alex Muñoz | Senior Director, Global Digital Marketing & Adtech | Leadership |
Chris McGrath | Client Director | Leadership |
Gina Mastantuono | President and CFO | Leadership |
Bill McDermott | CEO & Chairman | Leadership |
James Richardson | Senior Regional Sales Director | Leadership |
Seemant Chaudhry | Enterprisesales Director | Leadership |
Sandeep Bhardwaj | Vice President Of Product Management | Leadership |
Paul Mihaere | Director, UKI Business Operations | Leadership |
Chris Vogt | Sales Director | Leadership |
Jennifer Tobener | Vp, Digital Experience & Platform | Leadership |
Jeff Blissett | Client Director - Pacific Northwest | Leadership |
Dora Jiang | Director, Cloud Finops | Leadership |
Dan McCall | VP Product, ITSM | Leadership |
Srikanth Kammili | Director Of Software Engineering | Leadership |
Alexander Prikhodko | Director Application Development | Leadership |
1331 more people are available in the full profile.
Complete people profiles for Element AI
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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- Board tenure
- Professional contacts
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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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Open-source Machine Learning Database | mldb.ai | Montreal, Canada | 2015 | Feb 2017 | •••• |
Complete acquisition details for Element AI
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
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Timeline of Element AI
5 dated milestones of Element AI across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Element AI is founded.
- Funding First funding round.
- Acquisition Acquires Machine Learning Database.
- Funding Latest funding round, Series B, of $151.4M.
- Exit Acquired by ServiceNow.
Web traffic of Element AI
The website of Element AI (elementai.com) receives about 62.2K visits a month.
- Monthly visits62.2K
▲ 2.9% vs previous month
Websites whose visitors overlap most with Element AI. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| huggingface.co | 100% | 24.9M | #1,689 | View details | |
elementsofai.com | elementsofai.com | 93% | #80,815 | – | |
artificialanalysis.ai | artificialanalysis.ai | 91% | #29,027 | – | |
| wandb.ai | 89% | 2.2M | #22,417 | View details | |
freeformatter.com | freeformatter.com | 89% | #87,890 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 21 similar websites and full traffic analytics for Element AI
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- 21 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
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Related news about 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 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.
Yes. Element AI was acquired by ServiceNow in November 2020.