Elastic NV

Elastic N.V.
FormerlyElasticsearch
Company typePublic company (NV)
IndustrySoftware
Founded2012 (2012)
Founders
Headquarters
Key people
  • Ashutosh Kulkarni (CEO)
  • Shay Banon (CTO)
  • Navam Welihinda (CFO)
  • Chetan Puttagunta (Chairman)
Products
  • Search technology
  • Cybersecurity tools
  • Big data tools
  • VectorDB
  • Retrieval Augmented Generation (RAG)
Revenue US$608 million (2021)[1]
US$−129 million (2021)[1]
US$−129 million (2021)[1]
Total assets US$973 million (2021)[1]
Total equity US$451 million (2021)[1]
Number of employees
3,403 (2025)[1]
Websitewww.elastic.co

Elastic is a Dutch-American software company that provides a platform for enterprise search, observability, and cybersecurity.[2] Its product enables users to search and analyze large-scale data, monitor system performance, and detect anomalies. Originally known as Elasticsearch, the company was founded in 2012 in Amsterdam, Netherlands, and has maintained its operational headquarters in both the Netherlands and San Francisco, California, US.[3][4] Elastic is publicly traded on the New York Stock Exchange under the symbol ESTC.[5]

History

In 2004 Shay Banon developed a recipe software application for his wife, who was studying at Le Cordon Bleu.[6][7] He built Elasticsearch in 2009 and spent three years developing the product along with the open-source community.[8] In 2012, he co-founded the company Elasticsearch with Simon Willnauer, Steven Schuurman, and Uri Boness.[6]

After the company acquired Found in 2015, the company rebranded as Elastic. While the company had been informally referred to as Elastic since its inception, it was not its official name.[9]

In November 2022, Elastic NV laid off 13% of its workforce.[10]

Products and services

Software developed by the company inclides Elasticsearch, Kibana, Beats, and Logstash. As a stack, these have been referred to by the company as the Elastic Stack or ELK Stack.[11]

The company also offers Elastic Cloud as an SaaS, and Elastic Cloud Enterprise (ECE).[12][13]

Elasticsearch technology is used by eBay, Wikipedia, Yelp, Uber, Lyft, Tinder, and Netflix.[14][15]

The company also offers Search AI Lake and related services to provide ElasticSearch services for large data lakes.[16]

Corporate information

Elastic is a distributed company, which means their workforce is distributed globally. Accordingly, Elastic does not have a principal executive office. Elastic is registered with the trade register of the Dutch Chamber of Commerce under number 54655870 and the principal registered office is at Keizersgracht 281, 1016 ED Amsterdam, the Netherlands.

Ordinary shares are listed on the New York Stock Exchange (“NYSE”) under the trading symbol “ESTC.”

The company is headquartered in Amsterdam, the Netherlands.[2]

Acquisitions

  • In 2015, the company, then known as Elastisearch, acquired Found, a cloud-based search provider.[17]
  • In 2016, Elastic acquired Prelert, a machine learning company specializing in anomaly detection.[18][19]
  • In 2017, Elastic acquired Swiftype, a provider of search and index software.[20]
  • In 2019, Elastic acquired Endgame, an endpoint security provider, for $234 million.[21]
  • In 2021, Elastic acquired build.security, a cloud security company focusing on policy definition and enforcement.[22][23]
  • In 2021, Elastic acquired Cmd, a company that provides monitoring and control tools for Linux environments.[24]
  • On October 14, 2021 Elastic acquired Optimyze, a cloud computing company based in Zurich.[25]
  • In 2025, Elastic acquired Israeli start-up Keep, an open-source AIOps platform that manages alerts and incident response.[26]
  • In 2025, Elastic acquired Jina AI.[27]

References

  1. ^ a b c d e f "Elastic N.V. 2021 Annual Report (Form 10-K)". SEC.gov. U.S. Securities and Exchange Commission. 25 June 2021.
  2. ^ a b "Elastic Reports Fourth Quarter and Fiscal 2024 Financial Results". ir.elastic.co. Retrieved 2025-04-10.
  3. ^ Kepes, Ben. "Elasticsearch Changes Its Name, Enjoys An Amazing Open Source Ride And Hopes To Avoid Mistakes". Forbes. Retrieved 2019-04-10.
  4. ^ "Elastic Announces the Elastic Stack, X-Pack, and Elastic Cloud". Yahoo Finance. February 17, 2016.
  5. ^ Colville, Jordan Novet, Waverly (2018-10-05). "Elastic ESTC IPO stock makes debut on NYSE". www.cnbc.com. Retrieved 2019-04-10.{{cite web}}: CS1 maint: multiple names: authors list (link)
  6. ^ a b Chan, Rosalie (16 November 2018). "There's been an enterprise tech IPO rush in 2018. Here are the 15 key execs driving the new class of startups". Business Insider.
  7. ^ "'Technology's democratising potential is most admirable'". Financial Express Mumbai. 18 December 2023 – via Magzter.
  8. ^ Banon, Shay (12 March 2019). "On "Open" Distros, Open Source, and Building a Company". Elastic.
  9. ^ Schuurman, Steven (10 March 2025). "Elastic: For – You Know, More Than Search". Elastic.
  10. ^ "CEO Ash Kulkarni's email to Elastic employees". Elastic Blog. Retrieved 2022-12-02.
  11. ^ Gupta, Yuvraj (2017). Mastering Elastic Stack. Birmingham, UK: Packt Publishing. pp. 11–13. ISBN 978-1-78646-001-1.
  12. ^ "Elastic Cloud: Hosted Elasticsearch, Hosted Search | Elastic". www.elastic.co. Retrieved 2019-04-10.
  13. ^ Shukla, Pranav (2017). Learning Elastic Stack 6.0: A beginner's guide to distributed search. Birmingham, UK: PACKT. p. 315. ISBN 978-1-78728-186-8.
  14. ^ Ward, Mark (2019-07-12). "Why search is no longer all about Google". www.bbc.com. Archived from the original on 2019-07-12. Retrieved 2019-10-01.
  15. ^ "Elastic enters APM space with Opbeat acquisition". TechCrunch. Retrieved 2019-10-09.
  16. ^ Kerner, Sean Michael (May 15, 2024). "Elastic launches scalable Search AI Lake for Gen AI and vector search". VentureBeat.
  17. ^ White, Amy (10 March 2015). "Elastic Acquires Elasticsearch SaaS Provider Found" (Press release). GlobeNewswire.
  18. ^ Kepes, Ben (2016-09-15). "In an attempt to disrupt Splunk, Elastic makes another acquisition". Network World. Retrieved 2023-08-04.
  19. ^ Yegulalp, Serdar (2017-05-05). "Elasticsearch stack wises up with machine learning". InfoWorld. Retrieved 2023-08-04.
  20. ^ Ha, Anthony (2017-11-09). "Elastic acquires search startup Swiftype". TechCrunch. Retrieved 2023-08-04.
  21. ^ "Elastic buys endpoint security firm Endgame for $234 million". ZDNET. Retrieved 2023-08-04.
  22. ^ Kerner, Sean Michael (2021-08-23). "Elastic acquires build.security for security policy definition and enforcement". TechCrunch. Retrieved 2023-08-04.
  23. ^ Ben-David, Ricky. "Open code software giant Elastic to buy Israeli startup, open Tel Aviv R&D site". The Times of Israel. ISSN 0040-7909. Retrieved 2023-08-04.
  24. ^ Kobialka, Dan (2021-09-01). "Elastic Acquires Cmd; XDR Platform Gains Cloud Workload Runtime Security". MSSP Alert. Retrieved 2023-08-04.
  25. ^ "Elastic to buy 'continuous profiling' startup Optimyze". ZDNET. Retrieved 2023-08-04.
  26. ^ "Elastic acquires Israeli startup Keep to cut through tech alert chaos with AI". Calcalist. May 8, 2025.
  27. ^ "Elastic Reports First Quarter Fiscal 2026 Financial Results". Elastic Investor Relations. Retrieved 2026-03-22.
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