New York city, NY – According to filings with the U.S. Securities and Exchange Commission, Electric is raising $14,500,001.00 in new funding. Sources indicate as part of senior management President and Chief Executive Officer, Ryan Denehy played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Electric

Founded in New York City in 2016, Electric is a Series B startup backed by GGV Capital, Bessemer Venture Partners, Primary Venture Partners, 01 Advisors, and Bowery Capital. Electric is reinventing how businesses manage their IT support, security, and devices. Through its user friendly interface, Electric streamlines time-consuming and business-critical IT tasks by providing accessible, lightning-fast support and increased visibility into your IT infrastructure. The platform’s core features include IT troubleshooting, systems administration, security and network management, device management, and on-site assistance. Electric is on a mission to become the de-facto IT solution for businesses all over the country.

To learn more about Electric, visit http://www.electric.ai/

Contact:
Ryan Denehy, President and Chief Executive Officer
646-430-8333
ryan@electric.ai
https://www.linkedin.com/in/ryandenehy/

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