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Based in Lehi, Utah, Elementum operates an AI-driven process automation software platform that runs natively within enterprise data clouds without requiring external integrations or application programming interfaces. The company utilizes a Software-as-a-Service business model to provide no-code tools that allow business teams to rapidly deploy customized workflows using various artificial intelligence and large language machine learning models. Operating without external venture funding, the enterprise currently maintains an estimated valuation of $29.6 million, generates approximately $9.2 million in annual recurring revenue, and employs a workforce of 101 to 200 people. The software platform serves Fortune 500 organizations across the healthcare, life sciences, financial services, consumer goods, and technology sectors, securing major enterprise customers such as Sanofi, Under Armour, Snowflake, Tesla, and Microsoft. Elementum was officially established in the year 2022 by co-founders David Blonski and Nader Mikhail.
Elementum has raised $67.0M across 2 funding rounds.
Elementum has raised $67.0M in total across 2 funding rounds.
Elementum has raised $67.0M across 2 funding rounds. Most recently, it raised $50.0M Series B in February 2014.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Feb 1, 2014 | $50M Series B | — | Accel, AME Cloud Ventures, Bling Capital, Fifth Wall, Gideon YU, Hardware Club, IVP, LAUNCH, Left Lane Capital, Ligature, LUV Ventures, Meritech Capital Partners, Montage Ventures, Morado Venture Partners, Forest Baskett, Scott Sandell, Paladin Capital Group, Pelion Venture Partners, Pioneer Fund, Prefix Capital, Thomvest Ventures, Unanimous Capital, Venrock, Visionaire Ventures, Workday, Aaron Levie, Adam Jackson, Charlie Cheever, Chris Schaepe, David Chen, David Petersen, Farzad Nazem, Jared Leto, Sohail Prasad, Vishal Makhijani | Announced |
| Sep 1, 2012 | $17M Series A | — | AME Cloud Ventures, Hardware Club, Workday, Aaron Levie, Chris Schaepe, David Chen, Farzad Nazem | Announced |
Elementum has raised $67.0M in total across 2 funding rounds.
Elementum's investors include Accel, AME Cloud Ventures, Bling Capital, Fifth Wall, Gideon Yu, Hardware Club, IVP, LAUNCH, Left Lane Capital, Ligature, Luv Ventures, Meritech Capital Partners.
Elementum is an AI-powered process automation platform that enables enterprises to automate business workflows directly from their data warehouses without data movement, integrations, or APIs. It serves Fortune 500 companies in sectors like healthcare, financial services, manufacturing, retail, life sciences, technology, industrial, and consumer packaged goods, solving repetitive, error-prone processes in areas such as finance (AP/AR, audits), procurement (vendor management), supply chain (inventory exceptions), HR (onboarding), and sales (commission management).[1][2][3][5] The no-code platform offers prebuilt templates, integration with any AI/ML models or LLMs, and full IT governance for security, delivering rapid deployment—often within 30 days—and "Automation as a Service" for business self-service.[2][3] Founded in 2013 and headquartered in Lehi, Utah (with earlier mentions in Mountain View, California), Elementum has raised $60M in Series C funding and counts customers like Sanofi, Under Armour, Snowflake, Albertsons, American Express, Dyson, and Hitachi.[1][2]
Its growth momentum stems from shifting from supply chain management roots to agentic workflow orchestration, emphasizing "Zero Persistence" where data stays in the customer's environment (e.g., Snowflake, Azure, GCP), enhancing security, performance, and cost efficiency while avoiding vendor lock-in.[2][3][5]
Elementum was founded in 2013 by a team with deep expertise in technology and business process automation, including CEO Nader Mikhail, COO/CFO David Blonski, VP of People Success Katie Carter, and SVP of Product Karen Jenkins.[2] Initially focused on supply chain service management—providing a platform for unified incident management, cross-team collaboration, and real-time monitoring of disruptions like stock-outs and shipment delays—the company evolved amid rising AI adoption.[1][4][5] Early traction came from sectors like manufacturing, retail, and healthcare, where it helped minimize production downtime and streamline root-cause analysis for issues like overages, shortages, and damages.[1][4] Pivotal moments include patenting 13 innovations in supply chain management, data management, and IT, plus expanding to AI-driven, no-code automation directly in data warehouses, rebranding as an "Agentic Workflow Orchestration Platform" to address broader enterprise chaos from technical debt and data gravity.[1][3][5]
Elementum rides the agentic AI and data orchestration trend, capitalizing on exploding demand for secure, in-place automation amid data gravity—where 80%+ of enterprises use warehouses like Snowflake but struggle with silos, technical debt, and AI hype turning into "science projects."[3][5] Timing is ideal post-2023 AI boom, as firms seek "Automation as a Service" to cut costs from soaring SaaS fees and offshoring, with market forces like governance mandates (e.g., GDPR, compliance) and LLM maturity favoring its zero-persistence model.[2][5] It influences the ecosystem by empowering business-IT collaboration, accelerating AI ROI in legacy-heavy industries, and proving specialized orchestration beats monolithic platforms—helping supply chain evolve from reactive incident tracking to proactive, AI-orchestrated resilience.[1][4][5]
Elementum is poised to dominate enterprise automation by scaling its agentic platform to new verticals like compliance and patient experience in healthcare, with trends like multimodal LLMs and edge AI amplifying its no-data-movement edge. Expect partnerships with warehouse giants (Snowflake co-customer) and expansion into emerging areas like real-time sustainability tracking in supply chains. Its influence will grow as "Zero Persistence" becomes table stakes, evolving from supply chain specialist to ubiquitous orchestration layer—tying back to its core promise of respecting your data while unleashing AI value securely.[2][5]
