Articles about Electric

Abel Rodriguez

Updated on December 28, 2022

These companies hit or exceeded the $1 billion valuation mark in 2022.

Miranda Perez

Updated on March 29, 2022

This raise comes just five months after Electric pulled in a $90 million Series D.

The company has more than doubled its annual recurring revenue in the past 12 months.

This is Electric’s third round of funding in just 12 months, capping off a year of massive growth fueled by the pandemic. The money will be used to expand the company’s sales and marketing efforts, as well as further its DEI efforts.

This comes just two months after Electric closed on $14.5 million in new funding.

The company’s new advisors include former Twitter COO Adam Bain and former CEO Dick Costolo.

In just one week, Electric AI moved to a new office, appointed a new COO and VP of Sales and closed a round of funding.

With $10 million in fresh Series A funding, Electric plans to grow virtually every part of the business.