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.
Loading...
In Q2, we saw strong customer commitments, with key wins across all of our solution areas, especially in search, powered by generative AI.
- Ashutosh Kulkarni
Similar Companies in the Swift AI Index
Quotes from elastic Executives About Artificial Intelligence and Generative AI
Turning to generative AI, our momentum in this area continues to build. In Q2, we saw strong demand for our vector database as customers increasingly adopted Elastic for building semantic search and retrieval augmented generation (RAG) applications.
- Ashutosh Kulkarni
We are seeing adoption and winning deals across many different industries and for use cases that seek to automate a wide variety of business processes.
- Ashutosh Kulkarni
...the company is leveraging Elastic's hybrid search capabilities, combining keyword and semantic search for broader applications.
- Ashutosh Kulkarni
...the retailer will improve search relevance by adopting semantic search and using advanced AI relevance capabilities...
- Ashutosh Kulkarni
...this quarter an online marketplace...selected Elastic Security to replace its existing SIEM solution...The Elasticsearch AI platform...will help the company streamline its security operations...
- Ashutosh Kulkarni
In another seven-figure deal...displacing two competitive solutions for their cybersecurity operations. The company chose Elastic Security, leveraging our AI assistant and attack discovery...
- Ashutosh Kulkarni
Now turning to product innovations in Q2. We introduced a steady addition of new AI capabilities...
- Ashutosh Kulkarni