Data as the Foundation in the Age of AI – Elastic Rises 21% After Record Growth Among Large Customers

Elastic positions itself as an important data source for AI agents. The quarterly figures lead to a stock jump of around 21%. OpenAI collaboration, new AI features, and Deductive AI are broadening opportunities in Search, Security, and Observability. Already 37% of large customers with over $100,000 ACV are using Elastic for AI – up from around 21% a year ago.   Elastic (ESTC) made headlines on August 27 with an after-hours stock jump of 21%. The company is primarily known for Elasticsearch, a technology for real-time search and...