Electric AI

Electric AI has raised a total of $211 million across multiple funding rounds, including a $40M Series C (Feb 2021), $90M Series D (Oct 2021), and a $23.4M Series D follow-on (Mar 2022), valuing the company at $1 billion. Founded in 2016 by Ryan Denehy and Bill Tyndall, the New York–based company develops AI-powered IT management software that automates troubleshooting, asset management, and cybersecurity monitoring. With backing from Bessemer Venture Partners, GGV Capital, and Greenspring Associates, Electric AI continues expanding its enterprise-focused automation platform and enhancing intelligent IT support capabilities.