About Elevate
Elevate is a company based in New York (United States) founded in 2024 by Scott Cara. It operates as a AI-as-a-Service, and Managed Services. Elevate has raised $500 thousand across 1 funding round from investors including Y Combinator. Elevate offers products and services including Product Migrations, Warehousing, and AI Services. Elevate operates in a competitive market with competitors including Osmos, YZR, Scrub AI, Sweephy and Dataq, among others.
- Headquarter New York, United States
- Founders Scott Cara
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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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- Legal Name Elev4te, 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
$500 K (USD)
in 1 rounds
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Latest Funding Round
$500 K (USD), Seed
Jun 01, 2024
- Investors
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Employee Count
Employee Count
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Products & Services of Elevate
Elevate offers a comprehensive portfolio of products and services, including Product Migrations, Warehousing, and AI Services. 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.
Data is migrated from legacy to core systems.
Data is integrated and enriched for analytical use.
AI services are provided for business automation tasks.
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Funding Insights of Elevate
Elevate has successfully raised a total of $500K through 1 strategic funding round. The most recent funding activity was a Seed round of $500 thousand completed in June 2024. 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 Seed — $500,000
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First Round
First Round
(01 Jun 2024)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2024 | Amount | Seed - Elevate | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Elevate
Elevate has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Y Combinator. 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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Early-stage startups are accelerated via funding and educational programs.
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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 Elevate
| 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 - Elevate
| 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 |
Elevate Comparisons
Competitors of Elevate
Elevate 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 Osmos, YZR, Scrub AI, Sweephy and Dataq, 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 |
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| domain | founded_year | HQ Location |
AI-powered platform for data cleaning and ingestion automation is offered.
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| domain | founded_year | HQ Location |
Data management solutions are offered through an AI-based platform.
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| domain | founded_year | HQ Location |
AI based data cleansing solutions provider
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| domain | founded_year | HQ Location |
Cloud based data preparation and cleaning solutions
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| domain | founded_year | HQ Location |
Cloud based data quality and migration testing solutions
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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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Frequently Asked Questions about Elevate
When was Elevate founded?
Elevate was founded in 2024.
Where is Elevate located?
Elevate is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Elevate?
Scott Cara is the current CEO of Elevate. They have also founded this company.
Is Elevate a funded company?
Elevate is a funded company, having raised a total of $500K across 1 funding round to date. The company's 1st funding round was a Seed of $500K, raised on Jun 01, 2024.
What does Elevate do?
Data management and AI-powered solutions are offered by Elevate to private equity-backed roll-ups and platforms. Challenges in acquisition data are addressed through migration from legacy systems to core tech stacks. Data is consolidated, cleaned, and enriched in hosted warehouses for analytical capabilities. Access to AI automations is provided to enhance growth and reduce costs. Sectors served include environmental restoration and commercial HVAC, with a focus on improving equity value through better data insights.
What products or services does Elevate offer?
Elevate offers Product Migrations, Warehousing, and AI Services.
Who are Elevate's investors?
Elevate has 1 investor. Key investors include Y Combinator.