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How ElectrifAi CEO Edward Scott grew to $20M revenue with a 85 person team in 2024.

ElectrifAi is a global artificial intelligence (AI) company that specializes in developing and providing pre-built machine learning models and AI solutions to businesses across various industries. The company was founded in 2004 and is headquartered in Jersey City, New Jersey. ElectrifAi's AI solutions are designed to help businesses optimize their operations and gain insights into their data to make informed decisions. The company offers a range of AI solutions, including predictive analytics, natural language processing, image and video analytics, and automated machine learning. These solutions can be customized to meet the specific needs of each business and can be easily integrated into existing systems. ElectrifAi serves a diverse range of industries, including finance, healthcare, retail, and manufacturing. The company has a global presence, with offices and clients across North America, Europe, and Asia. ElectrifAi is committed to driving innovation in the AI industry and has received numerous awards and recognition for its cutting-edge solutions.

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ElectrifAi Revenue

In 2024, ElectrifAi's revenue reached $20M. The company previously reported $14.8M in 2023. Since its launch in 2004, ElectrifAi has shown consistent revenue growth.

ElectrifAi Revenue GrowthReported revenue / ARR over time$0$5M$10M$15M$20M$25M20042006200820102012201420162018202020222024$0$12.9M$20MSource: GetLatka.com
YearMilestoneQuote
2024ElectrifAi Hit $20m revenue in October 2024
2023ElectrifAi Hit $14.8m revenue in December 2023
2021ElectrifAi Hit $12.9m revenue in April 2021
2004Launched with $0 revenue

ElectrifAi Valuation, Funding Rounds

ElectrifAi is a bootstrapped Natural Language Processing (NLP) Software startup. Founded in 2004, ElectrifAi has grown to $20M in revenue without raising any venture capital or outside funding.

As a self-funded Natural Language Processing (NLP) Software SaaS company, ElectrifAi has built its business with no outside investment.

ElectrifAi Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$0$0.2$0.2$0.4$0.4$0.6$0.6$0.8$0.8$1$12004Source: GetLatka.com
YearRoundAmountValuation% SoldQuote

Founder / CEO

Edward Scott

CEO

Edward Scott is listed as CEO at ElectrifAi.

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Customers

We do not have customer count information for ElectrifAi yet.

ElectrifAi Employees & Team Size

ElectrifAi employs approximately 85 people as of 2026, down from 128 in 2023, including 8 sales reps that carry a quota.

ElectrifAi Team GrowthReported headcount over time05010015020025020042006200820102012201420162018202020222024008585Source: GetLatka.com
YearMilestone
2024Reached 85 employees (December 2024)
2024Reached 109 employees (October 2024)
2023Reached 128 employees (December 2023)
2023Reached 201 employees (July 2023)
2022Reached 131 employees (December 2022)
2021Reached 133 employees (December 2021)
2021Reached 153 employees (April 2021)

Frequently Asked Questions about ElectrifAi

What is ElectrifAi's revenue?

ElectrifAi generates an estimated $20M in annual revenue.

Who founded ElectrifAi?

ElectrifAi was founded by Edward Scott.

Who is the CEO of ElectrifAi?

The CEO of ElectrifAi is Edward Scott.

How much funding does ElectrifAi have?

ElectrifAi is bootstrapped and has not raised outside funding.

How many employees does ElectrifAi have?

ElectrifAi has 85 employees.

Where is ElectrifAi headquarters?

ElectrifAi is headquartered in Jersey City, New Jersey, United States.

Compare ElectrifAi to the industry

ElectrifAi operates across multiple industries. Browse revenue, funding, and growth data for ElectrifAi in each sector below.

Data and Sources

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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ElectrifAi Revenue 2024: $20M ARR (Bootstrapped)