Elm AI
Overview
Elm AI is a New York-based startup, emerging from Cornell University in 2023, aimed at revolutionizing supply chain management through AI-driven solutions. Founded by Advait Raykar, Aparajita Thakker, Ken He, and Eesha Khanna, the company employs advanced machine learning techniques to enhance sustainability and operational efficiency in global supply chains. The company recently raised $2 million in its seed funding round. Elm AI specializes in automating supplier documentation analyses and providing actionable insights to enterprises.
Recent Developments
- April 2025: Elm AI raised $2 million in an oversubscribed seed funding round. The funding will be utilized to accelerate customer onboarding and enhance the company's technological capabilities. The round was led by Beta Boom Fund and Working Capital Fund and included participation from Boro Capital Partners, Very Serious Ventures, and Gorges Ventures.
- February 2025: Elm AI signed a partnership agreement with Naseej for Technology in Saudi Arabia, aiming to deliver cloud solutions and advance AI-driven digital transformation projects.
- January 2025: Elm exhibited its capabilities at the LEAP 2025 tech event in Riyadh, showcasing its AI-driven solutions for supply chain sustainability.
- Throughout 2024: Elm AI expanded its client base, managing data for several thousand factories globally, with notable early adopters including sustainable fashion brand Reformation.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2023 |
| Headquarters | New York City, United States |
| Founders | Advait Raykar, Aparajita Thakker, Ken He, Eesha Khanna |
| Revenue | Not disclosed |
| Profits | Not disclosed |
| Key Investors | Cornell University, Entrepreneurs Roundtable Accelerator, Beta Boom Fund, Working Capital Fund |
| Industry | Supply Chain Management, AI |
| Number of Employees | 2-10 |
Early History
Elm AI originated as a research project at Cornell University, focusing on applying AI to real-world sustainability challenges. The motivation came from recognizing the inefficiencies and high costs associated with traditional supplier documentation processes. In 2023, the company received its first round of funding from Cornell University and the Entrepreneurs Roundtable Accelerator, which enabled Elm AI to transform from an academic concept into an operational enterprise with cutting-edge solutions tailored for the complex demands of supply chains.
Company Profile and Achievements
Elm AI offers a platform that automates supplier documentation analysis using AI, providing risk assessments and sustainability recommendations rapidly. This efficiency has attracted diverse clients including medium-sized apparel brands and multinational corporations. Notable accolades include winning the Cornell Tech Startup Awards and being part of the Entrepreneurs Roundtable Accelerator cohort. Key milestones include placing solutions in several thousand factories and forging strategic alliances with entities like Reformation.
Current Operations and Market Position
Elm AI operates as a leading AI platform offering comprehensive supplier performance and sustainability insights. Positioned as a key player in AI-driven supply chain management, it commands attention from enterprises seeking efficiency and regulatory compliance. Elm AI's competitive advantage lies in its ability to rapidly deliver actionable insights that traditional methods often miss, thereby helping clients reduce manual labor costs and improve operational transparency across global supply chains.
Conclusion
Elm AI stands at the forefront of integrating AI into supply chain management, addressing the industry's pressing need for efficiency and sustainability. As it continues to expand its technological capabilities and client base, the company is poised to set new standards in how enterprises manage supplier relationships and meet regulatory demands. The successful funding and strategic partnerships underscore Elm AI's potential to become a game-changer in the sustainable sourcing arena.