Elastic NV Overview
Pro stress-test →Elastic NV is a search artificial intelligence company providing software platforms to run in hybrid, public or private clouds, and multi-cloud environments. Its Search AI Platform is used by thousands of companies, including more than 50% of the Fortune 500.
Strategic Profile
Pro stress-test →The company is experiencing robust demand for its platform, particularly in AI and generative AI use cases, with over 2,450 customers using Elastic Cloud for GenAI applications. Elastic has over 1,600 customers with Annual Contract Value greater than $100,000, with a Net Expansion Rate of approximately 112%.
Competitive Landscape
Pro stress-test →Elastic faces competitive pressure in the security and observability markets, with incumbents and new entrants vying for market share. Primary competitors include Datadog (observability and monitoring), Splunk (security and observability), New Relic (application performance monitoring), and Dynatrace (application monitoring). Elastic differentiates through open-source foundations, AI-native search capabilities, and unified platform across search, observability, and security.
Industry Context
Elastic NV operates in Software - Application (Enterprise Search, Observability, and Security).
Key facts
Founded: 2011 · Headquarters: Amsterdam, Netherlands · Employees: 3,827 · Revenue: $1.6B · Market cap: $6.95B