Elastic

Elastic builds software for searching data, monitoring applications and infrastructure, and investigating cyber threats. Its Elasticsearch platform powers Search & AI, Elastic Observability, and Elastic Security, helping developers and practitioners retrieve information, support AI applications, and maintain operational systems. Customers can use cloud services, including hosted and serverless offerings, or manage the software themselves. Paid subscriptions use resource-based pricing, with some self-managed features available free.

Founded in 2012 by Steven Schuurman, Uri Boness, Simon Willnauer, and Shay Banon, Elastic grew around Elasticsearch, a distributed search engine built on Apache Lucene. Banon remains CTO; Ashutosh Kulkarni is CEO. Its engineering contributions include Better Binary Quantization, developed from insights in the RaBitQ research. The technique compresses stored vector dimensions into single bits while retaining higher precision for queries, reducing memory requirements for vector search.

Elastic reported $1.739 billion in revenue for its fiscal year ended April 2026, with subscriptions accounting for 94%. In August 2026, it completed its acquisition of Deductive AI to expand Elastic Observability’s production-incident investigation capabilities. Deductive AI’s agent gathers evidence and tests hypotheses across code, telemetry, and organizational knowledge to identify root causes. Existing customers remain supported while integration plans are developed.