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Electric AI

Electric AI

Provides fast IT support and management

About

Electric AI provides IT support services designed to be fast and easy for businesses. Their technology allows for real-time issue resolution, ensuring that help is available whether employees are working remotely, onsite, or in a hybrid setup. Electric AI focuses on security across devices, applications, and networks, and also offers services for employee onboarding and offboarding, as well as overall IT management. What sets Electric apart from its competitors is its combination of advanced technology and a dedicated team of IT technicians, which enables them to deliver quick and effective support. The company's goal is to simplify IT processes for businesses, making them more efficient and less time-consuming.

Company Stage

Series D

Employees

1,001-5,000

Industries

Enterprise Software, Cybersecurity

Total Funding

$194.3M

Headquarters

N/A

Founded

2016


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Simplify's Take

What believers are saying

  • Electric's recent $20M funding round and $1B valuation indicate strong investor confidence and financial stability.
  • The development of a lightweight, self-sign-up version of their product could significantly expand their market reach.
  • The launch of enhanced Employee Onboarding and Offboarding functionality demonstrates Electric's commitment to continuous product improvement and customer satisfaction.

What critics are saying

  • The competitive landscape with giants like AWS and Cato Networks could pose challenges in market penetration and customer acquisition.
  • Rapid scaling and integration of new features may lead to operational inefficiencies and potential service disruptions.

What makes Electric AI unique

  • Electric AI combines cutting-edge technology with a highly skilled IT team to deliver rapid, real-time IT support, setting it apart from traditional IT service providers.
  • The integration with popular communication tools like Slack and Microsoft Teams allows for seamless, chat-based technical support, enhancing user experience.
  • Electric's focus on small and medium-sized businesses (SMBs) provides tailored IT solutions that are often overlooked by larger IT service providers.

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Growth & Insights
Headcount

6 month growth

17%

1 year growth

30%

2 year growth

79%

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