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 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 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 through effective solutions.

Simplify's Take

What believers are saying

• Increased demand for no-code platforms is driving growth in workflow automation.
• AI and ML integration boosts process efficiency by 30%, enhancing Elementum's value proposition.
• Industry-specific templates reduce time-to-market by 40%, benefiting Elementum's clients.

What critics are saying

• Competition from Alteryx and Matillion could impact Elementum's market share.
• Customer resistance due to existing investments in traditional systems may slow adoption.
• Reliance on Snowflake means any service disruptions could affect Elementum's operations.

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's no-code app builder empowers non-technical users to create custom workflows.

Help us improve and share your feedback! Did you find this helpful?

YesNo

Funding

Total Funding

$67M

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