Electric AI Stock

electric.aiEnterprise Software / Business OperationsFounded: 2016Funding to Date: $212.2MM

Electric AI, founded in 2016, is an IT support services provider aiming to empower small businesses with the latest technology. The company offers real-time issue resolution, security measures at the device, app, and network levels, as well as employee onboarding and offboarding and IT management services. Electric AI's technology assesses the IT needs of small businesses, allowing it to provide support to a wider range of businesses than traditional IT service providers. Electric AI is headquartered in New York, NY.

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Management Team

Vince Tse
Chief Technology Officer
Rani Yadav
Chief Operating Officer
Peter Di Lorio
Director of Finance
Ryan Denehy
Founder, President, Chief Executive Officer & Board Member
Bill Tyndall
Vice President of Growth and Partnerships

Board Members

Jeff Richards
GGV Capital
Ryan Denehy
Bradley Svrluga
Primary Venture Partners
Ruddman Davis
Robert Goodman
Bessemer Venture Partners

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News Highlights

MSP Unicorn: Electric Reaches $1 Billion Valuation
Electric, an MSP and IT support provider in New York, has achieved unicorn status — reaching the $1 billion company valuation mark.
New Unicorn Electric Raises $20M D-1, Hits $1B Valuation
New York-based Electric, an IT technology startup that caters to small and medium-sized businesses, has experienced notable growth offer the past few years. Now, the startup is raking in $20 million in a D-1 funding round from Harmonic Growth Partners.
Electric, the IT platform for SMBs, raises $90 million Series D
The company announced the close of a $90 million Series D financing round today. GGV, an existing investor, led the round, with participation from other existing investors Bessemer, Primary Venture Partners, Greenspring Associates, 01 Advisors, Atreides Management, Vintage Investment Partners and Slack.
Updated on: Sep 30, 2023