Elastic NV is an American-Dutch company that was founded in 2012 in Amsterdam, the Netherlands, and was previously known as Elasticsearch. It is a search company that builds self-managed and software as a service (SaaS) offerings for search, logging, security, observability, and analytics use cases.
The company develops the Elastic Stack—Elasticsearch, Kibana, Beats, and Logstash—previously known as the ELK Stack, free and paid proprietary features (formerly called X-Pack), Elastic Cloud (a family of SaaS offerings including the Elasticsearch Service), and Elastic Cloud Enterprise (ECE).
Elasticsearch technology is used by eBay, Wikipedia, Yelp, Uber, Lyft, Tinder, and Netflix. Elasticsearch is also implemented in use cases such as application search, site search, enterprise search, logging, infrastructure monitoring, application performance management, security analytics (also used to augment security information and event management applications), and business analytics. The Elasticsearch meetup community totals more than 100,000 members. Elastic is publicly traded on the New York Stock Exchange under the symbol ESTC.
Citing headwinds from the global macroeconomic environment, Elastic NV announced a 13% reduction in headcount on November 30, 2022.
Acquisitions
Elastic N.V.,has made several strategic acquisitions to expand its product offerings and capabilities.
Prelert - In 2016, Elastic acquired Prelert, a machine learning company specializing in anomaly detection. Swiftype - In 2017, Elastic acquired Swiftype, a provider of search and index software. Endgame - In 2019, Elastic acquired Endgame, an endpoint security provider, for $234 million. build.security - In 2021, Elastic acquired build.security, a cloud security company focusing on policy definition and enforcement. Cmd - In 2021, Elastic acquired Cmd, a company that provides organizations with intuitive monitoring and control over their Linux environment. Optimyze - The most recent acquisition was Optimyze on October 14, 2021 which is a cloud computing company based in Zurich.
Funding Rounds
Elastic N.V., the company behind Elasticsearch, has been funded through various rounds of investment.
Leadership
Leadership
The leadership team at Elastic is composed of a diverse group of individuals with extensive experience in their respective fields. As of August 2023, here is a brief overview of the current team:
Ash Kulkarni, Chief Executive Officer: Ash is responsible for Elastic's product vision, strategy, and execution. He has a strong background in cybersecurity and has held leadership roles at McAfee and Symantec. Shay Banon, Founder and Chief Technical Officer: Shay is the creator of the open-source tool Elasticsearch, which later became the foundation of Elastic. He has a background in software development and has previously worked at various tech companies. Janesh Moorjani, Chief Financial Officer: Janesh oversees Elastic's financial operations and strategy. He has a rich history in the tech industry, having worked at companies like Workday, VMware, and Intel. Mathew Donoghue, Chief Marketing Officer: Mathew leads the global marketing team at Elastic, focusing on engaging customers, partners, and the community. He has experience in managing marketing strategy and execution across various tech companies. Rick Laner, Chief Customer Officer: Rick leads Elastic's customer success group, ensuring successful adoption of Elastic's solutions and a great experience for customers. He has held senior positions at MuleSoft and Splunk.
Board members
The leadership of Elastic is composed of a diverse group of individuals with extensive experience in technology, finance, and corporate governance. As of August 2023, here is the board consists of: