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Electric is an information technology company that helps businesses manage their IT security, support, and devices in real-time.
Last updated
In 2024, Electric's revenue reached $75.7M. The company previously reported $70M in 2022. Since its launch in 2016, Electric has shown consistent revenue growth.
Electric reached a $1B valuation in 2021, set during its None round.
Electric has raised $91.8M in total funding across 6 rounds, most recently a $40M None round in 2021.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2021 | None | $40M | $1B | 4% | |
| 2020 | None | $14.5M | - | - | |
| 2019 | None | $25M | - |
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Electric serves 2K customers.
Electric employs approximately 401 people as of 2026, down from 658 in 2021. It serves 2K customers that rely on its solutions.
Electric generates $75.7M in revenue.
Electric was founded by Ryan Denehy.
The CEO of Electric is Ryan Denehy.
Electric raised $91.8M across 6 rounds.
Electric has 401 employees.
Electric is headquartered in New York, New York, United States.
Electric operates across multiple industries. Browse revenue, funding, and growth data for Electric in each sector below.
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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Valuation
$1B
2024 Revenue
$75.7M
Customers
2K
Funding
$91.8M
Avg ACV
$37.9K
Team · 2025
401
Founded
2016
| Year | Milestone | Source |
|---|---|---|
| 2024 | Electric Hit $75.7m revenue in December 2024 | |
| 2022 | Electric Hit $70m revenue in December 2022 | |
| 2021 | Electric Hit $38m revenue in December 2021 | |
| 2020 | Electric Hit $17m revenue in December 2020 | |
| 2016 | Launched with $0 revenue |
| - |
| 2018 | None | $9.3M | - | - |
| 2017 | None | $1M | - | - |
| 2016 | None | $2M | - | - |
| Year | Milestone | Source |
|---|---|---|
| 2025 | Reached 401 employees (November 2025) | |
| 2021 | Reached 658 employees (December 2021) | |
| 2021 | Reached 404 employees (February 2021) |
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