Elastic

Search and analyze data in real-time

Mountain View, California, United States

About Elastic

Elastic specializes in search-powered solutions, providing a suite of products that enable businesses to search, analyze, and visualize data in real-time. Its main product, Elasticsearch, is a search engine that can be deployed either in the cloud or on-premises, helping organizations manage large volumes of data for better decision-making and operational efficiency. Elastic serves a wide range of clients, including large enterprises, small businesses, and government agencies across various industries such as technology, healthcare, finance, and retail. Unlike many competitors, Elastic offers flexible deployment options and a subscription-based business model, allowing clients to choose between hosted services or managing the software in their own environment. The company's goal is to empower organizations to effectively utilize their data through powerful search and analytics tools.

Mountain View, CaliforniaHeadquarters
2012Year Founded
$157.6MTotal Funding
IPOCompany Stage
Data & Analytics, Enterprise SoftwareIndustries
1,001-5,000Employees

Benefits

Fully paid health coverage for you and your family
Flexible location and schedule for most roles.
Generous number of vacation days each year
20+ additional shut it down days
Minimum of 16 weeks of parental leave, plus generous family formation benefits.
40 hours each year to use toward volunteering
Double your charitable giving

Risks

Recent Kibana vulnerability highlights potential security risks in Elastic's tools.
Dependency on third-party integrations poses risks if partnerships face disruptions.
Expansion into AI may face challenges from established competitors in the market.

Differentiation

Elastic offers a comprehensive suite of search-powered solutions for diverse industries.
Elastic's AI-optimized architecture supports low-latency and native vector database capabilities.
Elastic's subscription-based model provides steady revenue from diverse deployment options.

Upsides

Collaboration with Microsoft enhances AI capabilities and attracts enterprise clients.
Partnership with vTech Solution expands market reach in the public sector.
Launch of Search AI Lake strengthens Elastic's position in AI and machine learning.

Funding

Total raised$157.58 M
Latest valuation$4.90 B
StageIPO
IPO
9/30/2018
$252
$4.90 B
$58
$290.00 M
$24
$120.00 M
SERIES A
10/31/2012
$10
$50.00 M