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Elicit

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Updated Mar 24, 2026

Elicit's full profile: funding, valuation, competitors, and the people behind the company.

🇺🇸United StatesSeries AAI Search

Out of 100

🇺🇸

HQ

United States

🗓

Founded

2021

💰

Raised

$33M

🏷️

Stage

Series A

👥

Team

35

Elicit is an AI search platform founded in 2021 that focuses on research and information discovery using large language models. The company has developed a search interface that employs AI to help users find, synthesize, and analyze information more efficiently than traditional search engines. Elicit's core approach involves using language models to understand user queries in natural language and

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Key Facts

  • Elicit is valued at $100M as of March 2026.
  • Elicit has raised a total of $33M in disclosed funding across 1 funding rounds.
  • Elicit was founded in 2021 by Jungwon Byun and is headquartered in United States.
  • Elicit employs approximately 35 people.
  • Elicit operates in the AI Search category and is currently at the Series A stage.
  • Elicit has an Awaira Score of 56/100, ranking it among the tracked AI companies on Awaira.
  • Elicit's most recent funding round was a Seed closed in January 2021.

Source: Awaira · Updated Mar 24, 2026

$100M

Post-money

$33M

All rounds

56/100

2021

35 employees

Strengths

Based in the US, the world's largest AI market

Considerations

!

Small team may limit scaling capacity

Analysis based on publicly available data. Not investment advice.

⚠️ ESTIMATE
💵Est. Annual Revenue
$5M–$20M estimated ARR

Awaira estimate based on public data. Not financial advice.

How does Elicit stack up against competitors?

MetricElicitPerplexity AIYou.comExa AI
Awaira Score56/10086/10072/10068/100
Total Raised$33M$1.5B$100M$111M
Valuation$100M$24B$1.5B$700M
StageSeries ASeries ESeries CSeries B
Founded2021202220202021
Employees3510015075
Country🇺🇸🇺🇸🇺🇸🇺🇸
J

Jungwon Byun

Founder & CEO

View founder profile →
StageSeries A
Employees35
Country🇺🇸 United States
Connect
Inactive
1 round
SeedLatest

Undisclosed

Jan 2021

Frequently Asked Questions

What is Elicit's valuation?
At $100M, the company ranks among the notable AI startups tracked on Awaira.
Who invested in Elicit?
Investor details haven't been made public yet. Check back for updates as new funding rounds are announced.
When did Elicit last raise funding?
Last raise: a Seed in January 2021.
How many employees does Elicit have?
The headcount sits at approximately 35 employees, based in United States.
What does Elicit do?
Elicit is an AI search platform founded in 2021 that focuses on research and information discovery using large language models. The company has developed a search interface that employs AI to help users find, synthesize, and analyze information more efficiently than traditional search engines.
Who founded Elicit?
Jungwon Byun founded the company in 2021 in United States. Jungwon Byun serves as Founder & CEO.
Is Elicit profitable?
Profitability data isn't available in public filings. The company has raised $33M in total funding and operates at the Series A stage.
Where is Elicit headquartered?
The headquarters sit in United States 🇺🇸 and was established in 2021. It competes in the AI Search sector.
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