Elicit

Challenger

AI research assistant searching 138M+ academic papers with sentence-level citations. 2M+ researchers. Raised $33M. Founded 2023 (spun from Ought nonprofit). Private.

AI Research & Scientific Discovery
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Updated April 2026

Company Overview

About Elicit

Elicit is an AI research assistant spun out in 2023 from Ought (a nonprofit founded in 2017) by CEO Andreas Stuhlmuller. Headquartered in Oakland, California. It has raised $33M total including a $22M Series A (February 2025). Investors include Fifty Years, Basis Set, and angels like Tom Preston-Werner (GitHub) and Jeff Dean (Google).

Business Model & Competitive Advantage

The platform searches, summarizes, and extracts data from 138M+ academic papers and 545K+ clinical trials with sentence-level citations linking each claim to a source sentence. Features include automated literature reviews, PDF data extraction, systematic reviews, and Research Agents for competitive landscapes. 2M+ researchers use it.

Competitive Landscape 2025–2026

Tiered pricing: Free Basic, Plus ($12/mo), Pro ($49/mo), Team ($79/seat/mo). Recent launches include clinical trials search (July 2025), Research Agents (December 2025), systematic review screening (December 2025), and Elicit API (March 2026). SOC 2 compliant for enterprise adoption.

Revenue
$33M
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Key Differentiators

Strong Challenger

Elicit is an established challenger with significant market presence and competitive offerings in Research & Analytics.

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