About Elm AI
Elm AI is a company based in New York (United States) founded in 2023 by Advait Raykar, Ken He, and Aparajita Thakker. Elm AI has raised $2.28 million across 4 funding rounds from investors including Cornell University, Beta Boom and Working Capital. Elm AI offers products and services including AuditSense. Elm AI operates in a competitive market with competitors including Kyriba, Avetta, CyberGRX, Middesk and T-REX Group, among others.
- Headquarter New York, United States
- Founders Advait Raykar, Ken He, Aparajita Thakker
-
Sectors
TechnologyFinancial Services
-
Email
Locked
-
Phone
Locked
-
Website
Locked
-
Social
Locked
-
Annual Revenue
Not available
-
Net Profit
Not available
-
EBITDA
Not available
-
Total Equity Funding
$2.28 M (USD)
in 4 rounds
-
Latest Funding Round
$2 M (USD), Seed
Apr 14, 2025
-
Investors
Cornell University
& 9 more
-
Employee Count
Not available
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Elm AI
Elm AI offers a comprehensive portfolio of products and services, including AuditSense.
AI tool for reviewing supplier documents and flagging non-conformances quickly
Funding Insights of Elm AI
Elm AI has successfully raised a total of $2.28M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $2 million completed in April 2025. 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 Elm AI
Elm AI has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include Cornell University, Beta Boom and Working Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Women-led and minority startups are accelerated sector-agnostically by Beta Boom.
|
Locked | Locked | Locked | |
|
-
|
Locked | Locked | Locked | |
|
-
|
Locked | Locked | Locked |
Investor details for Elm AI
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Elm AI
Investment portfolio details for Elm AI
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
Financial Statements - Elm AI
Detailed financials for Elm AI
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
Elm Ai Comparisons
Peer comparison for Elm AI
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
Competitors of Elm AI
Elm 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 Kyriba, Avetta, CyberGRX, Middesk and T-REX Group, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked |
Cloud-based treasury automation and risk management solutions are provided.
|
|
| Locked | Locked | Locked |
Supply chain risk management and supplier pre-qualification platform
|
|
| Locked | Locked | Locked |
Cloud-based risk assessment and management solutions are provided for enterprises.
|
|
| Locked | Locked | Locked |
Risk management solutions for financial institutions are offered.
|
|
| Locked | Locked | Locked |
A financial SaaS platform for renewable energy investments is offered.
|
|
| Locked | Locked | Locked |
Cloud based payment automation and cash management solutions for businesses
|
Detailed competitors of Elm AI
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Elm Ai
Complete news archive for Elm AI
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Elm AI
Elm AI was founded in 2023.
Elm AI is headquartered in New York, United States. It is registered at New York, New York, United States.
Advait Raykar is the current CEO of Elm AI. They have also founded this company.
Elm AI is a funded company, having raised a total of $2.28M across 4 funding rounds to date.
Elm AI was founded in 2023 and is based in New York, United States. A SaaS platform powered by AI is offered to businesses for supplier sustainability due diligence. Audit analysis is automated, and supplier audit reports are assessed through AI-driven processes. Risk rankings are assigned to suppliers, and action plans are generated to support enterprise compliance and risk management in the sustainability sector.
Elm AI offers AuditSense.
Elm AI has 10 investors. Key investors include Cornell University, Beta Boom, Working Capital, Boro Capital, and Very Serious Ventures.