About Element
Element is a company based in New York (United States) founded in 2012 by Yann LeCun and Adam Perold. It operates as a AI-as-a-Service. Element has raised $12 million across 1 funding round from investors including Globe Telecom, Bank Rakyat Indonesia and Bank of the Philippine Islands. The company has 26 employees as of December 31, 2020. Element offers products and services including eKYC, Authentication, and Risk Platform. Element operates in a competitive market with competitors including Quantexa, ComplyAdvantage, Perfios, Signicat and IDnow, among others.
- Headquarter New York, United States
- Employees 26 as on 31 Dec, 2020
- Founders Yann LeCun, Adam Perold
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Sectors
TechnologyIndustrial Goods & Manufacturing Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Element Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$12 M (USD)
in 1 rounds
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Latest Funding Round
$12 M (USD), Series A
Apr 11, 2018
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Investors
Globe Telecom
& 9 more
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Employee Count
26
as on Dec 31, 2020
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Products & Services of Element
Element offers a comprehensive portfolio of products and services, including eKYC, Authentication, and Risk Platform. 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.
Biometric data is verified for seamless customer onboarding.
Customer engagement is secured with biometric liveness detection.
Fraud risk is assessed across multiple digital databases.
Funding Insights of Element
Element has successfully raised a total of $12M through 1 strategic funding round. The most recent funding activity was a Series A round of $12 million completed in April 2018. 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 1
- Last Round Series A — $12.0M
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First Round
First Round
(11 Apr 2018)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2018 | Amount | Series A - Element | Valuation | PTB Ventures , GDP Venture |
| 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 |
investors |
Investors in Element
Element has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include Globe Telecom, Bank Rakyat Indonesia and Bank of the Philippine Islands. 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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PTB Ventures is focused on digital identity ecosystem investments.
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Founded Year | Domain | Location | |
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Consumer internet investments are targeted by GDP Venture firm.
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Founded Year | Domain | Location | |
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Indonesian early-stage tech firms are funded by Central Capital Ventura.
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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 Element
| 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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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Element
| 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 |
investors |
Element Comparisons
Competitors of Element
Element 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 Quantexa, ComplyAdvantage, Perfios, Signicat and IDnow, 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 |
AI-powered data and decision intelligence solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Cloud-based anti-money laundering solutions are provided for compliance.
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| domain | founded_year | HQ Location |
Provides financial technology solutions for data analysis and verification globally.
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| domain | founded_year | HQ Location |
Software solutions for identity management are provided via APIs.
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| domain | founded_year | HQ Location |
Automated and expert-led identity verification services are provided.
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| domain | founded_year | HQ Location |
AI-based fraud prevention for e-commerce payments is provided.
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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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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Element
Frequently Asked Questions about Element
When was Element founded?
Element was founded in 2012 and raised its 1st funding round 6 years after it was founded.
Where is Element located?
Element is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Element?
Adam Perold is the current CEO of Element. They have also founded this company.
Is Element a funded company?
Element is a funded company, having raised a total of $12M across 1 funding round to date. The company's 1st funding round was a Series A of $12M, raised on Apr 11, 2018.
How many employees does Element have?
As of Dec 31, 2020, the latest employee count at Element is 26.
What does Element do?
Element is engaged in providing advanced AI technologies for digital identity solutions. Privacy-led and portable systems are developed for KYC, digital onboarding, and credit risk assessment. The company operates in the technology sector, targeting efficient and inclusive societal connections through essential services. Solutions are designed to facilitate frictionless customer experiences across various digital platforms.
Who are the top competitors of Element?
Element's top competitors include ComplyAdvantage, IDnow and Perfios.
What products or services does Element offer?
Element offers eKYC, Authentication, and Risk Platform.
Who are Element's investors?
Element has 10 investors. Key investors include Globe Telecom, Bank Rakyat Indonesia, Bank of the Philippine Islands, Bank Central Asia, and Telkom Indonesia.