Elastic

Company research

Public company, workplace, funding, and market signals

Updated Aug 5, 2026

Overview

Elastic is a public Search AI company that helps organizations search, analyze, observe, and secure data. Its platform combines Elasticsearch, Kibana, vector search, analytics, generative-AI capabilities, observability, and security products; Elastic says it serves thousands of organizations and more than 50% of the Fortune 500.

Primary product

The Elasticsearch Platform, centered on Elasticsearch (distributed search, vector database, and analytics engine) and Kibana, delivered through Elastic Cloud and Elastic Self-Managed, with Search & AI, Observability, and Security solutions.

Founded

2012

Headquarters

Registered office: Amsterdam, Netherlands; Elastic describes itself as distributed and has no principal executive office.

Team size

Approximately 4,000 employees as of April 30, 2026; 3,537 as of April 30, 2025.

Work style

Flexible

Industry

Enterprise software

Sub-industry

Search, observability, cybersecurity, data analytics, and AI infrastructure

Offices

Amsterdam, Netherlands

Mountain View, California, United States

Business model

Subscription software

Elastic Cloud Hosted and Serverless consumption/resource-based pricing

Free and paid self-managed software

Enterprise support and services

Open-source/community-led adoption funnel

Funding

Stage

Public company; IPO completed in 2018

Total raised

$104M

Latest round

IPO · Oct 2018

Latest amount

$252M

IPO

Oct 2018

$252M

Secondary Market

May 2018

Series C

Jun 2014 · New Enterprise Associates

Series B

Feb 2013 · SV Angel

Series A

Nov 2012 · Benchmark

People & investors

Leadership

Ashutosh Kulkarni

Chief Executive Officer

Shay Banon

Founder and Chief Technology Officer

Navam Welihinda

Chief Financial Officer

Joanna Daly

Chief Human Resources and IT Officer

Mark Dodds

Chief Revenue Officer

Carolyn Herzog

Chief Legal Officer

Melissa Rigney

Chief Marketing Officer

Founders

Simon Willnauer

Co-founder

Steven Schuurman

Co-founder

Uri Boness

Co-founder

Investors

Benchmark

ESO Fund

Index Ventures

New Enterprise Associates

Public market investors

SV Angel

Work & culture

Elastic describes itself as distributed by design, with employees in more than 40 countries, over 100 nationalities, and remote, hybrid, and in-person roles. Its culture is rooted in open source, distributed collaboration, transparency, inclusion, and outcome-focused flexibility.

Work style

Flexible

Compensation

Elastic advertises competitive compensation, equity opportunities, and an employee stock purchase plan; detailed role-by-role compensation and sponsorship depend on location and job.

Benefits

Health coverage

Emotional support and well-being resources

Paid time off

Parental and caregiving benefits

Retirement plans with company match

Equity opportunities

Employee stock purchase plan

Workspace reimbursement at joining and every five years

40 hours annual volunteer time off

Donation matching up to $2,000 annually

Product & market

Pricing

Primarily resource-based subscription pricing for Elastic Cloud; tiered cloud offerings; free and paid capabilities for self-managed downloads; enterprise terms vary by deployment and features.

Differentiators

—Single platform spanning search/AI, observability, and security
—Elasticsearch combines distributed search, analytics, and vector search
—Cloud Hosted, Serverless, and self-managed deployment choices
—Open-source-origin development model and broad developer ecosystem
—Integrations with major hyperscalers and AI ecosystem providers
—Large installed base and use by more than half of the Fortune 500

Technology

Elasticsearch

Kibana

Vector search

Distributed search

Data analytics

Machine learning and generative AI/LLM integrations

Elastic Cloud

Elastic Cloud Serverless

SIEM

SOAR

APM

Logs and metrics

Endpoint and cloud security

AWS

Google Cloud

Microsoft Azure

OpenAI

Hugging Face

Anthropic

NVIDIA

Customers

Cisco

eBay

Goldman Sachs

NASA

Microsoft

Mayo Clinic

The New York Times

Wikipedia

Verizon

More than 50% of Fortune 500 companies

Approximately 24,000 customers as of April 30, 2026

Competitors

Algolia

Apache Solr

Coveo

Pinecone

Qdrant

Weaviate

MongoDB Atlas

Microsoft Azure AI Search

Datadog

Dynatrace

Scale & contact

Estimated revenue

Approximately $1.7B-$2.0B annually: FY2026 reported revenue was $1.739B and FY2027 guidance was $1.985B-$2.000B.

Signals & risks

Layoff

Jun 2026

Elastic announced an approximately 7% workforce reduction to simplify its organization and align investment with AI-driven changes; it expects $22 million-$25 million of related cash charges.

Source

Other

Jun 2026

Chief Product Officer Ken Exner announced his resignation, effective July 17, 2026; senior engineering leadership was to report directly to the CEO.

Source

Acquisition

Nov 2023

Opster was identified as Elastic's most recent acquisition in the available acquisition records; other notable acquisitions include Endgame, Swiftype, Opbeat, Prelert, Insight.io, Optimyze, Cmd, and build.security.

Source

Other

Jan 2021

Elastic adopted the Server Side Public License, prompting AWS to fork Elasticsearch and Kibana into OpenSearch; Elastic later added AGPL as an available license option in 2024.

Source

Latest news

Elastic stretches workforce 7% thinner as AI does more of the heavy lifting

The Register · Jun 2026

Independent coverage contextualized the workforce reduction, reported 4,019 employees in the latest 10-K, and discussed the OpenSearch licensing history.

Elastic announces organizational change and approximately 7% workforce reduction

Elastic Blog · Jun 2026

Elastic announced a 7% workforce reduction, engineering reorganization, and continued hiring in selected strategic areas.

Elastic FY2026 annual-report coverage: $1.739B revenue and approximately 24,000 customers

Stock Titan / SEC filing coverage · Jun 2026

Coverage of Elastic's FY2026 filing reported approximately 24,000 customers, subscription-led revenue, and competitive and macroeconomic risks.

Elastic Reports Fourth Quarter and Fiscal 2026 Financial Results

Elastic Investor Relations · May 2026

FY2026 revenue reached $1.739 billion, up 17%, with $1.634 billion from subscriptions; FY2027 revenue guidance was $1.985B-$2.000B.

Benefits Careers Company / About Engineering / technical blog GitHub Investor relations Leadership LinkedIn company Products X

SourcesElastic About Elastic Leadership Elastic Careers Elastic Benefits FY2025 Annual Report FY2026 Results FY2026 SEC filing Crunchbase Financials Elastic technology and risk coverage