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
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Net Profit
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EBITDA
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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
Employee Count
- 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.
- 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 |
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| Jun, 2017 | Amount | Series A - Element AI | Valuation | DCVC , Intel Education Accelerator |
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 |
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Venture capital firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Early-stage venture capital is provided to Canadian technology startups by Real Ventures.
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Founded Year | Domain | Location | |
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Investment strategies are provided across diverse asset classes and markets.
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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.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Open-source Machine Learning Database
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2015 |
Financial Statements - Element AI
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.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Machine learning services are provided to enterprises by TAZI.
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| domain | founded_year | HQ Location |
Provider of custom services using artificial intelligence and deep learning technologies
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| domain | founded_year | HQ Location |
Custom AI solutions are provided using proprietary neural network framework.
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| domain | founded_year | HQ Location |
AI and deep learning solutions for data analysis are provided.
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| domain | founded_year | HQ Location |
Custom solutions based on deep learning are provided by Dessa.
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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. The company's 1st funding round was a Series A of $102M, raised on Dec 12, 2016.
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.