Electric AI was founded in 2016 by Ryan Denehy. After a $90 million Series D funding round in 2021, Denehy told reporters that "we could have a company that could be ready to go public in two to three years," adding that "it’s going to take more capital to really prepare ourselves and the team and the product to be on a true pre-IPO trajectory."

Electric is the developer of IT platforms for small and midsize businesses. The company's solutions combine a centralized IT management dashboard with real time support. Since 2020 the company has acquired IT service companies Sinu and Techvera. Electric has raised more than $200 million in venture capital from investors including GGV, Bessemer, Primary Venture Partners, Greenspring Associates, and Slack. The company announced a $1 billion valuation in 2022.

These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.

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Learn more about Electric AI

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What is Electric AI's IPO price?

The IPO price for Electric AI will be known only if it becomes public. However, you may access the "Price At Last Round" and the "Implied EV" for publicly traded comparable companies with Forge Data.
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Can you invest in Electric AI?

Electric AI is a privately held company and is not publicly traded on NYSE or NASDAQ in the U.S. To buy pre-IPO shares of a private company, you need to be an accredited investor. Learn more about how to invest in the private market or register today to get started.

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Can you sell Electric AI shares pre-IPO?

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Is Electric AI a publicly traded company?

Electric AI is a private company and not publicly traded.

If you are interested in buying or selling private company shares, you can register with Forge today for free to explore your options. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares.

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What is Electric AI's funding to date?

Electric AI has raised $212.2MM to date.
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When was Electric AI founded?

Electric AI was founded in 2016.

Who are Electric AI's major investors?

GGV Capital
Greenspring Associates
Harmonic Growth Partners
Crew Capital
10X Capital
The Fund

Electric AI Funding Rounds and Last Known Valuation

Date Funding Round Funding Raised Price per Share Last Known Valuation
3/29/2022 Series D-1 $23.35MM raised $XXX.XX $XXX.XX
10/19/2021 Series D $90MM raised $XXX.XX $XXX.XX
2/23/2021 Series C $40MM raised $XXX.XX $XXX.XX
5/18/2020 Series B-1 $21.5MM raised $XXX.XX $XXX.XX
1/23/2019 Series B $25.1MM raised $XXX.XX $XXX.XX
3/28/2018 Series A $9.25MM raised $XXX.XX $XXX.XX
9/15/2017 Series Seed-1 $1MM raised $XXX.XX $XXX.XX
11/18/2016 Series Seed $2MM raised $XXX.XX $XXX.XX
Based on primary financings
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Updated on: Apr 21, 2024


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