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Elastic is a public company based in Mountain View (United States), founded in 2012 by Uri Boness, Simon Willnauer, Shay Bannon and Steven Schuurman. It operates as a Cloud based text analytics platform. Elastic has raised $104M in funding from New Enterprise Associates. The company has 285 active competitors, including 56 funded and 20 that have exited. Its top competitors include companies like Lucidworks, Coveo and Cohere.
Company Details
Cloud based text analytics platform. It is an open search and analytics engine for data that includes structured, and unstructured time series data. It leverages AI and ML to collect log data from multiple sources for visualization. Features include deployment, monitoring, security, and notifications. It is a tool available on subscription-based pricing model.
- Website
- www.elastic.co/
- Social
- Email ID
- *****@elastic.co
- Registered Address
- Mountain View, California
Key Metrics
Founded Year
2012
Location
Mountain View, United States
Stage
Public
Total Funding
$104M in 3 rounds
Latest Funding Round
Investors
Ranked
1st among 285 active competitors
Annual Revenue
$1.27B as on Apr 30, 2024
Employee Count
3,187 as on Apr 30, 2024
Similar Companies
Exit Details
Public
Legal entities associated with Elastic
Elastic is associated with 3 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Sep 13, 2018 | - | - | - | |
$1.27B (as on Apr 30, 2024) | 3187 (as on Apr 30, 2024) | - | ||
Dec 26, 999 | - | 3187 (as on Apr 30, 2024) | - |
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Elastic's funding and investors
Elastic has raised a total funding of $104M over 3 rounds. Its first funding round was on Nov 08, 2012. Its latest funding round was a Series C round on Jun 05, 2014 for $70M. 3 investors participated in its latest round, lead by New Enterprise Associates.
Elastic has 9 institutional investors including New Enterprise Associates, Sunrise Ventures and HTIF. There is only 1 Angel Investor in Elastic.
Here is the list of recent funding rounds of Elastic:
Date of funding | Funding Amount | Round Name | Post money valuation | Revenue multiple | Investors |
|---|---|---|---|---|---|
Jun 05, 2014 | $70M | Series C | 7605332 | 1755103 | |
Feb 19, 2013 | $24M | Series B | 8385949 | 9786874 | |
Nov 08, 2012 | $10M | Series A | 8270954 | 3520217 |
Access funding benchmarks and valuations. Sign up today!View details of Elastic's funding rounds and investors
Elastic's founders and board of directors
Founder? Claim ProfileThe founders of Elastic are Uri Boness, Simon Willnauer, Shay Bannon and Steven Schuurman. Steven Schuurman is the CEO of Elastic.
Here are the details of Elastic's key team members:
- Uri Boness: Co-Founder of Elastic. They are also an angel investor in 3 startups.
- Simon Willnauer: Co-Founder of Elastic and founder of 1 other company. They are also an angel investor in 3 startups.Contact Info: 1 email address
- Shay Bannon: Co-Founder of Elastic. They are also an angel investor in 1 startup.Contact Info: 1 email address
- Steven Schuurman: Co-Founder & CEO of Elastic.
View details of Elastic's Founder profiles and Board Members
Elastic's employee count trend
Elastic has 3,187 employees as of Apr 24. The total employee count is 10.0% more than what it was in Apr 23. Here is Elastic's employee count trend over the years:Uncover Elastic's growth story! Sign up today!Access Tracxn on any website
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Elastic's Competitors and alternates
Top competitors of Elastic include Lucidworks, Coveo and Cohere. Here is the list of Top 10 competitors of Elastic, ranked by Tracxn score:
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Overall Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Elastic 2012, Mountain View (United States), Public | Cloud based text analytics platform | $104M | 73/100 | |
2nd | Lucidworks 2007, San Francisco (United States), Series F | Provider of a platform for cognitive search | $218M | 69/100 | |
3rd | Cloud based platform offering enterprise text analytics solutions | $342M | 69/100 | ||
4th | AI powered text data analytics platform for enterprises | $970M | 69/100 | ||
5th | Glean 2019, Palo Alto (United States), Series F | Cloud-based platform for enterprise search | $765M | 66/100 | |
6th | Eigen Technologies 2014, London (United Kingdom), Acquired | AI based solutions to extract data from documents | $60M | 64/100 | |
7th | AI interfaced collaborative learning and knowledge management platform for enterprises | $135M | 58/100 | ||
8th | Unsupervised 2017, Boulder (United States), Series B | AI powered text data analytics platform for enterprises | $57M | 55/100 | |
9th | X1 2003, Los Angeles (United States), Series B | Platform offering e-discovery solution | $25M | 53/100 | |
10th | Pryon 2017, Raleigh (United States), Series B | Platform offering AI powered text analytics solutions | $141M | 51/100 |
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Elastic's Investments and acquisitions
Filter this listElastic has not made any investments yet. Elastic has made 13 acquisitions. Here is the list of latest three $acquisitions:
Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
May 08, 2025 | Acquisition | 2023 | Tel Aviv, Israel | |
Oct 17, 2021 | Acquisition | 2019 | Zurich, Switzerland | |
Aug 25, 2021 | Acquisition | 1990 | Milpitas, United States |
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Reports related to Elastic
Here is the latest report on Elastic's sector:
News related to Elastic
Filter this listMedia has covered Elastic for a total of 180 events in the last 1 year, 64 of them have been about company updates and 19 about partnerships.
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Elastic Non-GAAP EPS of $0.47 beats by $0.10, revenue of $388.43M beats by $8.01MSeeking Alpha•May 29, 2025•Elastic
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Castleark Management LLC Acquires New Holdings in Elastic (NYSE:ESTC)MarketBeat•May 24, 2025•Elastic, Castleark
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Soma Equity Partners LP Acquires 376,660 Shares of Elastic (NYSE:ESTC)MarketBeat•May 18, 2025•Elastic, SoMa Equity Partners
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Fortress Investment Group Invests $1.98 Million in ElasticMarketBeat•May 12, 2025•Fortress Investment, Elastic
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Elastic (ESTC) Stock Acquired by Envestnet Asset ManagementMarketBeat•Apr 28, 2025•Elastic, Envestnet
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