When was Elm AI founded?

Elm AI was founded in 2023 and raised its 1st funding round within a year of its incorporation.

Where is Elm AI located?

Elm AI is headquartered in New York City, United States.

Who is the current CEO of Elm AI?

Advait Raykar of Elm AI. They have also founded 1 company.

How many employees does Elm AI have?

As of Jul 31, 2026, the latest employee count at Elm AI is 12.

Is Elm AI a funded company?

Elm AI is a funded company, having raised a total of $2.28M across 4 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on May 19, 2023.

When was the latest funding round of Elm AI?

Elm AI's latest funding was a $***** Seed round on Apr 14, 2025, with participation from 6 investors.

Where does Elm AI rank among its competitors?

Elm AI ranks 26th amongst 1017 active competitors, of which 158 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was HICX, which secured $19.8M in Jun, 2026.

Who are the top competitors of Elm AI?

Elm AI's top competitors include Cytora, Shift Technology and AccessPay. Among them, HICX secured the most recent funding round in June, 2026.

Elm AI - 2026 Company Profile, Team, Funding & Competitors

Company Details

SaaS and AI based supplier sustainability due diligence platform for businesses. It offers AI-powered software that automates audit analysis for enterprises and improves supplier audit report assessment. It uses AI to provide reports assessment, attributes risk rankings to suppliers, and creates action plans.

Website: elm-ai.com
Email ID: *****@elm-ai.com

Key Metrics

Founded Year

2023

Location

New York City, United States

Stage

Seed

Total Funding

$2.28M in 4 rounds

Latest Funding Round

Seed, Apr 14, 2025, $*****

Investors

Cornell University & 9 more

Ranked

26^th among 1017 active competitors

Employee Count

12 as on Jul 31, 2026

Similar Companies

AccessPay & 989 more

View Elm AI's full profile

Elm AI has raised a total funding of $2.28M over 4 rounds. Its first funding round was on May 19, 2023. Its latest funding round was a Seed round on Apr 14, 2025 for $*****. 6 investors participated in its latest round. Elm AI has 10 institutional investors.

Here is the list of recent funding rounds of Elm AI:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 14, 2025	8780948	Seed	3502430	6085661	7352664	6139207
May 03, 2024	2159519	Seed	7208411	7890814	3879641	5099184
Jun 20, 2023	3129304	Seed	6493900	9882300	Entrepreneurs Roundtable Accelerator	6943642

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View details of Elm AI's funding rounds and investors

The founders of Elm AI are Advait Raykar, Ken He and Aparajita Thakker. Advait Raykar is the CEO of Elm AI.

Here are the details of Elm AI's key team members:

Advait Raykar: Co-Founder & CEO of Elm AI and founder of 1 other company.
Contact Info: 2 email addresses
Ken He: Co-Founder of Elm AI and founder of 1 other company.
Contact Info: 2 email addresses
Aparajita Thakker: Co-Founder of Elm AI and founder of 1 other company.
Contact Info: 2 email addresses

View details of Elm AI's Founder profiles and Board Members

Elm AI's employee count trend

Elm AI has 12 employees as of Jul 26. Here is Elm AI's employee count trend over the years:

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Top competitors of Elm AI include Cytora, Shift Technology and AccessPay. Here is the list of Top 10 competitors of Elm AI, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Cytora 2012, London (United Kingdom), Acquired	Risk management solutions for insurers and underwriters	$41.5M	EQT, Parkwalk & 41 others	67/100
2nd	Shift Technology 2014, Paris (France), Series D	Provider of AI solutions for insurance underwriting, claims, and risk	$320M	Accel, Bessemer Venture Partners & 15 others	67/100
3rd	AccessPay 2012, Manchester (United Kingdom), Acquired	Cloud based payment automation and cash management solutions for businesses	$44.4M	True Ventures, NatWest & 10 others	66/100
4th	Pibit AI 2020, San Francisco (United States), Series A	AI-powered underwriting platform for commercial property and casualty insurance	$7.64M	Stellaris, Arali Ventures & 11 others	66/100
5th	Nulogy 2002, Toronto (Canada), Series C	Developer of software for manufacturing, shop floor, supplier collaboration, and compliance	$25.5M	FedDev Ontario, Tola Capital & 11 others	65/100
6th	Mitratech 1987, Austin (United States), Acquired	Provider of solutions for third party risk management to banks	-	TA Associates, HgCapital Trust & 5 others	65/100
7th	HICX 2004, London (United Kingdom), Series B	Provider of supplier management platform facilitating supplier information and process orchestration	$41.8M	Wavecrest Growth Partners, Espresso Capital ... & 5 others	63/100
8th	Idelic 2016, Pittsburgh (United States), Acquired	Offers AI & SaaS-based fleet management software	$31.3M	Bain Capital Ventures, Origin Ventures & 10 others	63/100
9th	RapidRatings 2002, New York City (United States), Series C	Cloud-based solution for vendor risk management	$255M	Spectrum Equity, 22C Capital & 3 others	63/100
10th	Codoxo 2016, Atlanta (United States), Series C	AI-based platform for employee and individual healthcare planning	$75M	QED Investors, Spider Capital & 15 others	63/100
26th	Elm AI 2023, New York City (United States), Seed	SaaS and AI based supplier sustainability due diligence platform for businesses	$2.28M	Working Capital, Cornell University & 8 others	56/100