How much funding has Elastic N.V. raised?

Elastic N.V. has raised $414M in total funding. Their latest funding round was IPO. Key investors include Benchmark Capital, Index Ventures, New Enterprise Associates (NEA).

What does Elastic N.V. do?

Elastic N.V. operates in the AI Search / Retrieval sector. Publicly traded (NYSE: ESTC) enterprise search AI company behind Elasticsearch and the Elastic Stack, providing search, observability, and security solutions that supply retrieval context to AI models and agents. Elastic turns all enterprise data into an AI advantage by providing real-time retrieval context for AI models and agents, reducing hallucinations and grounding AI on business reality. Its Search AI platform spans search, observability, and security built on the open Elasticsearch foundation.

How much funding has Elastic N.V. raised?

Elastic N.V. has raised $414M in total funding. Key investors include Benchmark Capital, Index Ventures, New Enterprise Associates (NEA).

Who is the CEO of Elastic N.V.?

Ashutosh Kulkarni is the CEO of Elastic N.V.. The company was founded in 2012.

What funding stage is Elastic N.V. at?

Elastic N.V. is currently at the Public stage.

How many employees does Elastic N.V. have?

Elastic N.V. has approximately 500+ employees.

Elastic N.V.

Category: AI Search / Retrieval

Publicly traded (NYSE: ESTC) enterprise search AI company behind Elasticsearch and the Elastic Stack, providing search, observability, and security solutions that supply retrieval context to AI models and agents. Elastic N.V. was founded in 2012. The company is led by Ashutosh Kulkarni. Based in Amsterdam, Netherlands (registered HQ); major US presence Mountain View, California; R&D hub Warsaw, Poland. Team size: 500+. Total funding raised: $414M. Latest round: IPO. Key investors include Benchmark Capital, Index Ventures, New Enterprise Associates (NEA).

Founded: 2012
Headquarters: Amsterdam, Netherlands (registered HQ); major US presence Mountain View, California; R&D hub Warsaw, Poland
Team size: 500+
Total funding: $414M

Value proposition

Elastic turns all enterprise data into an AI advantage by providing real-time retrieval context for AI models and agents, reducing hallucinations and grounding AI on business reality. Its Search AI platform spans search, observability, and security built on the open Elasticsearch foundation.

Products and solutions

Elasticsearch (distributed search & analytics engine), Kibana (visualization/dashboards), Elastic Cloud (hosted + serverless), Elastic Security (SIEM/XDR), Elastic Observability (log analytics, APM, AIOps, LLM observability), Elastic Agent Builder (context-aware AI agents), vector database for embeddings, Search AI platform for AI/agent retrieval context.

Unique value

A single open, distributed platform that unifies search, observability, and security with native vector database and AI retrieval capabilities, bringing the model to the data for grounded, hallucination-free enterprise AI.

Target customer

Enterprises across financial services, manufacturing, public sector, retail, and telecommunications; developers and data teams building search-powered applications, observability, and security operations.

Industries served

Financial services, Manufacturing, Public sector, Retail, Telecommunications, Cybersecurity, Observability/DevOps, AI/LLM applications

Technology advantage

Open-source Elasticsearch foundation with proprietary optimizations; native vector database and hybrid search for AI retrieval; Search AI platform for agent context engineering; large-scale distributed architecture; strong analyst recognition (Gartner MQ Leader in Observability, IDC MarketScape Leader in SIEM).

How they differentiate

Unlike point solutions, Elastic unifies search, observability, and security on one open distributed platform with a native vector database, enabling AI retrieval context across all enterprise data. It differentiates from OpenSearch via proprietary performance optimizations and from Splunk/Datadog via its search-first AI grounding approach.

Main competitors

OpenSearch (AWS fork), Splunk, Datadog, Meilisearch, Algolia, Pinecone (vector search)

Key partnerships

OpenAI (expanded collaboration July 2026: OpenAI models + Elasticsearch for governed enterprise context/agents), Tencent Cloud (strategic partnership since 2019; Tencent Cloud Elasticsearch Service), AWS, Azure, Google Cloud (cloud marketplaces), Jina AI (acquired 2025; embeddings/rerankers), NVIDIA (AI ecosystem)

Notable customers

Docusign, Pepsi, UOL, thousands of enterprise customers across search, security, and observability

Major milestones

2012 founded as Elasticsearch, 2014 $70M Series C, 2018 IPO on NYSE (ESTC) raising $252M at ~$2.5B valuation, 2022 Ashutosh Kulkarni becomes CEO, 2019+ strategic Tencent Cloud partnership, 2025 acquisition of Jina AI, named Gartner MQ Leader in Observability and IDC MarketScape Leader in SIEM.

Growth metrics

~24,000 customers (as of April 30, 2026); FY2026 revenue $1.739B; market cap ~$8.9B

Market positioning

Leader in enterprise search and observability; named a Leader in Gartner MQ for Observability Platforms, IDC MarketScape for SIEM, and Forrester Wave for Cognitive Search. Market cap ~$8.9B with ~24,000 customers and $1.739B FY2026 revenue.

Geographic focus

Global; strong presence in US, Europe (incl. Poland R&D hub), and China via Tencent Cloud partnership

Patents and IP

Active patent portfolio (Elasticsearch B.V. / Elastic N.V.); secondary sources cite ~140 global filings with ~57 granted; S-1 (2018) disclosed 5 issued U.S. patents and 19 pending as of Apr 30, 2018.

About Ashutosh Kulkarni

Ex-McAfee EVP & CPO Enterprise; previously at Symantec, Veracode, and Juniper Networks. Took over as Elastic CEO in January 2022, succeeding founder Shay Banon.

Latest news about Elastic N.V.

Elastic and Tencent Cloud Expand Enterprise AI Search Partnership

More AI Search / Retrieval companies

Official website: https://www.elastic.co