Elastic launches serverless vector database for AI apps
The new Elasticsearch Vector Database offers optimized defaults and predictable pricing to scale to hundreds of billions of vectors efficiently on Elastic Cloud Serverless.
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Search, security, and observability software company
elastic.coLast updated
In short: Elastic beat Q1 fiscal 2027 guidance with $478M in revenue, expanded its AI partnership with OpenAI, and acquired Deductive AI.
The new Elasticsearch Vector Database offers optimized defaults and predictable pricing to scale to hundreds of billions of vectors efficiently on Elastic Cloud Serverless.
The update recommends upgrading from version 9.4.5 to address resolved vulnerabilities and introduces platform improvements across all components.
Liuson brings twenty years of technology leadership and recent executive experience at Microsoft. Her expertise strengthens Elastic's focus on artificial intelligence and enterprise platforms.
Revenue reached $478 million, up 15 percent year-over-year, while non-GAAP operating income rose to $77 million with strong cash flow generation.
On September 15, 2026, Elastic NV's Chief Technology Officer, Shay Banon, disclosed the sale of 84,207 shares at an average price of $84.64, totaling...
The average one-year price target for Elastic N.V. (NYSE:ESTC) has been revised to $110.86 / share. This is an increase of 32.39% from the prior...
Elastic, John Deere, and Dynatrace all posted strong earnings and drew a wave of analyst rating...
Elastic N.V. (NYSE:ESTC) delivered a quarter that should have won over Wall Street. An earnings beat, growing enterprise adoption of its AI-powered search and cloud...
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