How much funding has Elicit raised?

Elicit has raised $31.0M in total funding, most recently a Series A round.

Who are Elicit's investors?

Elicit's investors include Fifty Years, Spark Capital, Footwork, Basis Set Ventures, Mythos Ventures, Illusian.

Where is Elicit headquartered?

Elicit is headquartered in Oakland, California, United States.

What industry is Elicit in?

Elicit operates in Artificial Intelligence, SaaS.

Elicit

AI for scientific research

Oakland, United States · Founded 2021 · $31.0M raised

Artificial Intelligence

SaaS

Headquarters: Oakland, California
Employees: 11–50
Founded: 2021
Business Model: B2B

Website: elicit.com
Total Funding: $31.0M
Last Round: $22.0M Series AFeb 2025
Rounds: 2

About

Elicit is an AI-powered research platform trusted by over 5 million researchers worldwide. It helps researchers be 10x more evidence-based by automating time-consuming research tasks such as searching academic papers, extracting data, summarizing findings, and generating structured research reports. Elicit provides access to over 138 million academic papers and 545,000 clinical trials, with semantic search that surfaces relevant results without requiring exact keywords. Key workflows include systematic literature reviews (with up to 80% reported time savings), customizable research briefs, and automated data extraction validated at 99.4% accuracy across 1,500+ data points. Customers include pharmaceutical companies, academic institutions, medical device firms, and government policy teams.

Summary

Elicit is an Artificial Intelligence company based in Oakland, United States, founded in 2021. It has raised $31.0M in total across 2 rounds, most recently a $22.0M Series A round in Feb 2025. Investors include Fifty Years, Spark Capital and Footwork.