Elicit Raises $22M to Build the Most Trusted AI Platform for Evidence-Backed Decisions

Elicit has raised $22M in Series A funding at a $100M valuation led by Spark Capital and Footwork. Existing investors Fifty Years, Basis Set, and Mythos also participated, reinforcing their conviction in our mission to deploy AI to radically increase good reasoning in the world.

Today, Elicit is used by more than 400,000 researchers every month. Scientific enterprises like MicroGenDX identify and analyze studies relevant to their core expertise. Consulting firms like VDI/VDE gather information to advise external clients across government and private sector. 

The next few years are going to be critical. AI could fundamentally reshape the global economy as early as 2027, with impacts comparable to the industrial revolution. Yet our institutions lack the tools to navigate this transition - to systematically gather evidence, reason through complex scenarios, and make high-stakes decisions under uncertainty.

With this round, we'll expand beyond academic research. We'll take the transparency and systematicity we've applied to automated literature review and apply it broadly to become the standard for evidence-based AI-native decision-making. We'll help organizations across industries navigate the choices they face as we transition to a rapidly evolving AI-driven world.

Join us to build the infrastructure for good reasoning at scale!