See other companies on Welcome to the Jungle
Electric
IT support for businesses
- 1001+ employees
- B2B
- Internal tools
- Computer Vision
- SaaS
- Outsourcing
- Canal Street, New York, NY
Jump to section
Company mission
To revolutionize IT by making it simple, effortless, & lightning-fast for businesses everywhere.
Our take
IT departments face an increasingly complex workload, and this can be difficult for small businesses to manage. They must manage administration, distribution, and maintenance. Building excellent customer relationships on top of this can result in a large strain on IT departments, particularly for smaller companies.
Electric simplifies IT departments by designing a range of software tools that aim to streamline troubleshooting for all business sizes. By integrating a range of cloud-based apps and an AI chat service, Electric aims to solve all IT problems within one data stream. By removing unnecessary routine issues from the communication stream, customers of Electric can focus on troubleshooting truly unique issues.
Electric charges a monthly rate per seat and supports around 50,000 people from 900 organizations. The startup has raised over $200 million to date, hitting unicorn status in 2022, and plans to do more merger & acquisition deals. Thus far, Electric has acquired Sinu and TechVera, and is now working on product initiatives to improve its offering further and reach more customers.
Steph
Company Specialist at Welcome to the Jungle
Benefits
- Learning & Development Courses
- Commuter Benefits
- Mental Wellness Days
- Life Insurance
- Career Coaching
- Remote Work
- Flexible Paid Time Off
- Health Benefits for All
- Fertility and Family Planning
- Paid Parental Leave
- Work From Home Stipend
- 401K
Company values
- Caring above all else
- The customer is the business
- Think BIG and start small
- Outcomes, not outputs
- Without change, there is no innovation
- Chase excellence
- Enjoy the ride
Funding (last 2 of 9 rounds)
Mar 2022
$20m
SERIES D
Oct 2021
$90m
SERIES D
Total funding: $208.8m
This company has top investors
Leadership
Ryan Denehy
(CEO)Studied Mass Media and Economics at Hofstra University. VP then GM at BNQT Media Group. Co-founder at Swarm Mobile, before joining Groupon in Operations and Strategy.