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.
Electric AI does not currently have an official ticker symbol because this company is still private. Register today to connect with our Private Market Specialists and learn more about new pre-IPO investment opportunities.
The stock price for Electric AI will be known as it becomes public. Here are similar public companies: Dropbox (NAS: DBX), Okta (NAS: OKTA), VMware (NYS: VMW), Workday (NAS: WDAY), Atlassian (NAS: TEAM).
Date | Funding Round | Funding Raised | Price per Share | IPO Valuation |
---|---|---|---|---|
3/29/2022 | Series D-1 | $1.04B | $XXX.XX | $XXX.XX |
10/19/2021 | Series D | $855.29MM | $XXX.XX | $XXX.XX |
2/23/2021 | Series C | $342.6MM | $XXX.XX | $XXX.XX |
5/18/2020 | Series B-1 | $179.63MM | $XXX.XX | $XXX.XX |
1/23/2019 | Series B | $126.7MM | $XXX.XX | $XXX.XX |
3/28/2018 | Series A | $37.17MM | $XXX.XX | $XXX.XX |
9/15/2017 | Series Seed-1 | $12.5MM | $XXX.XX | $XXX.XX |
11/18/2016 | Series Seed | $8MM | $XXX.XX | $XXX.XX |
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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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.