| Founded | 2016 |
|---|---|
| Closed | 2023 |
| Country | USA |
| Sector | Saas |
| Total raised | $200M |
| Collapse type | Mass Layoff Spiral |
| Founder | Ryan Denehy |
Electric AI
"The IT management platform for SMBs that raised $200M, lost its customer base in the 2022 tech downturn, and cut half its workforce"
Cascading layoffs that accelerated the decline
Key Events Timeline
Electric AI was a New York-based IT management platform that provided device management, security, and IT helpdesk services to small and medium-sized businesses.
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