AI Index / Elastic N.V.
Elastic N.V. (ESTC)
Elastic incorporates AI in its search and security analytics platforms, particularly through generative AI applications within Elastic Cloud. The company’s Elasticsearch AI platform and proprietary machine-learning models contribute to semantic search advancements. Over 1,300 customers utilize Elastic’s AI-driven cloud solutions.
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As LLMs rapidly evolve their capabilities around inference and reasoning, it is becoming increasingly clear that context is the most important ingredient in making these models useful within an enterprise. With that backdrop, in Q3, we continue to see enterprises choose Elastic to power context for their most critical AI needs.
- Ashutosh Kulkarni
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Quotes from elastic Executives About Artificial Intelligence and Generative AI
For businesses to use agentic AI, the LLM needs to come to the data. This is where Elastic comes in with our ability to help organizations store and manage all of their data in very cost-effective ways and by providing accurate real-time context to AI by searching through all of this organizational data in real time.
- Ashutosh Kulkarni
Central to these enterprise engagements is the rise of agentic AI. Customers are moving from passive Q&A to active agents that drive workflows. Precise action requires precise data. The conversation has shifted from which model to use to how to feed it the most accurate context.
- Ashutosh Kulkarni
Elastic makes this AI work. We are the engine that allows enterprises to build production-grade AI systems that are actually worthy of their business.
- Ashutosh Kulkarni
While others offer simple vector databases, we know that vectors alone are not enough. We deliver the full retrieval toolkit from hybrid search to advanced reranking, ensuring that agents have the relevant context they need to take precise actions.
- Ashutosh Kulkarni
In Q3, new customer commitments with AI continued to grow. And we now have over 2,700 customers on Elastic Cloud using us as a vector database with additional customers using us for broader AI capabilities, including agent builder and attack discovery, bringing our total count of AI customers to over 3,000.
- Ashutosh Kulkarni
At the heart of these wins is the performance of our Search AI platform.
- Ashutosh Kulkarni
Our focus on performance extends to our partnership with NVIDIA as well, where together, we help enterprises deploy AI applications faster without draining IT infrastructure.
- Ashutosh Kulkarni
As organizations prioritize both innovation and operational efficiency, they're moving away from fragmented legacy tools in favor of Elastic's unified search AI platform.
- Ashutosh Kulkarni
We are the critical technology that accelerates data discovery, secures infrastructure and maximizes application performance.
- Navam Welihinda