Overview

Elementum.ai provides a workflow platform that helps large enterprises automate their business processes using artificial intelligence and machine learning. The platform operates directly on data clouds like Snowflake, allowing businesses to automatically trigger actions, tasks, approvals, and surveys when their data changes. Users can create custom workflows easily through intuitive prompts or a drag-and-drop interface, and they can quickly select and launch apps from a marketplace. Elementum stands out from its competitors by running natively within customers' data clouds, which simplifies deployment and reduces the need for complex integrations. The company's goal is to enable businesses to automate processes in days instead of weeks, ensuring high customer satisfaction and effective results.

Simplify's Take

What believers are saying

• Rising demand for no-code platforms empowers non-technical staff to manage workflows.
• Growing interest in data-driven tools aligns with Elementum's seamless Snowflake integration.
• Subscription-based model offers predictable revenue streams and aligns with industry trends.

What critics are saying

• Increased competition from platforms like Alteryx and Matillion integrating with Snowflake.
• Potential resistance from customers with existing investments in traditional systems.
• Rapid AI advancements could render Elementum's offerings outdated without continuous updates.

What makes Elementum unique

• Elementum operates natively within Snowflake, eliminating the need for APIs or connectors.
• The platform offers over 50 pre-built workflow templates for rapid deployment.
• Elementum provides a no-code, drag-and-drop interface for custom workflow creation.

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Funding

Total Funding

$65.2M

Above

Industry Average

Funded Over

2 Rounds

Notable Investors:

Lightspeed Venture Partners

Notable Investors:

Lightspeed Venture Partners

$50,000,000

Series B

Feb 2014

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.

Series B Funding Comparison

Above Average

Industry standards

Ind Avg. $35M

$4M

$30M

$45M

$50M

$65M

$100M

View all funding stages