Elicit has gained traction in the research community, with over 200,000 people using the tool every month, including organizations like The World Bank, Genentech, and Stanford. The startup recently raised $9 million in funding, which will be used to further develop the product and expand the team. Elicit has also launched a paid tier that allows users to search papers, extract data, and summarize concepts at a larger scale than the free tier. The long-term strategy is to build Elicit into a general tool for research and reasoning for enterprises.
Key takeaways:
- Elicit, an AI startup co-founded by Andreas Stuhlmüller, has designed a "research assistant" for scientists and R&D labs that automates the process of literature review.
- The tool uses AI to find relevant papers, extract key information, and organize the information into concepts, aiming to save time and costs for academic and industry research organizations.
- Elicit has over 200,000 monthly users and has seen 3x year-over-year growth, with users from organizations like The World Bank, Genentech, and Stanford.
- The startup recently raised $9 million in funding, which will be used to further develop the product and expand the team.