## Elastic to Acquire AI Startup Deductive AI for Up to $85 Million
Elastic, the company behind the popular search and analytics platform, has reached an agreement to acquire Deductive AI, a startup specializing in AI technologies. The deal is valued at up to $85 million.
The acquisition will see Deductive AI, which was backed by CRV, integrated into Elastic’s operations. While specific details about Deductive AI’s technology were not immediately disclosed in the announcement, the move signals Elastic’s continued investment in artificial intelligence capabilities, likely aimed at enhancing its existing search, observability, and security solutions with more advanced AI-driven analytics and insights.