Elastic

Elastic

Search and analyze data in real-time

About Elastic

Simplify's Rating
Why Elastic is rated
B-
Rated C on Competitive Edge
Rated B on Growth Potential
Rated B on Rating Differentiation

Industries

Data & Analytics

Enterprise Software

Company Size

1,001-5,000

Company Stage

IPO

Total Funding

$157.6M

Headquarters

Mountain View, California

Founded

2012

Overview

Elastic offers search-powered solutions that enable businesses to search, analyze, and visualize data in real-time. Its primary product, Elasticsearch, is a versatile search engine that can be deployed in the cloud or on-premises, helping organizations manage large data volumes effectively. Elastic distinguishes itself from competitors by providing flexible deployment options and a subscription-based model that charges based on data processed and user needs. The company's goal is to empower organizations to leverage their data for improved insights and decision-making.

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Simplify's Take

What believers are saying

  • Elastic's collaboration with Microsoft enhances integration capabilities for enterprise clients.
  • AI-driven automatic import features ease transitions, boosting customer acquisition and retention.
  • Partnership with vTech Solution opens new revenue streams in the public sector.

What critics are saying

  • Increased competition from open-source alternatives like OpenSearch threatens market share.
  • Recent Kibana vulnerability highlights potential security risks and customer trust issues.
  • Dependency on third-party AI platforms may impact Elastic's autonomy and innovation pace.

What makes Elastic unique

  • Elastic offers a comprehensive suite of search-powered solutions for diverse industries.
  • The company provides both cloud and on-premises deployment options for flexibility.
  • Elastic's AI-optimized architecture supports low-latency and native vector database capabilities.

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Funding

Total Funding

$157.6M

Below

Industry Average

Funded Over

5 Rounds

IPO funding comparison data is currently unavailable. We're working to provide this information soon!
IPO Funding Comparison
Coming Soon

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

Growth & Insights and Company News

Headcount

6 month growth

↑ 0%

1 year growth

↑ 2%

2 year growth

↑ 0%
Elastic
Feb 13th, 2025
Introducing the new Dev Tools Console in Kibana

In Kibana 8.16, Elastic NV is excited to unveil a major upgrade to the Console, bringing you a more modern and user-friendly experience.

Wall Street Waves
Jan 16th, 2025
Is Now the Time to Invest in Elastic? Analyzing a 21% Surge Over 3 Months

To further ease the transition, Elastic has launched an Express migration program alongside AI-driven automatic import features, making it easier for businesses to integrate their critical data.

Elastic
Nov 20th, 2024
Announcing the Microsoft Semantic Kernel Elasticsearch connector

In collaboration with the Microsoft Semantic Kernel team, Elastic Cloud Enterprise is announcing the availability of Semantic Kernel Elasticsearch Vector Store connector for Microsoft Semantic Kernel (.

ExecutiveBiz
Nov 15th, 2024
vTech Solution, Elastic to Offer Advanced IT Solutions

IT service provider vTech Solution is collaborating with Elastic to deliver advanced technology solutions enabling government agencies and commercial enterprises to enhance their decision-making and operational efficiency.

Bakersfield.com
Nov 1st, 2024
Elastic Enables Innovation in Next Generation Knowledge Management with LG CNS

Elastic (NYSE: ESTC), the Search AI company, today announced its successful collaboration with LG CNS, a leading digital transformation company in Korea, to help transform the company's global knowledge management services with enhanced search for generative AI (GenAI).

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