Elephant led a $30m Series A round in Ultralytics.

Elephant, a venture capital firm, led a $30m Series A round in Ultralytics, an AI company, with participation from SquareOne. “Ultralytics’ success is built on the conviction that open-source drives enterprise innovation, and nowhere is that more evident than in artificial intelligence. We’ve redefined what’s possible with Edge AI, delivering YOLO models that are faster, lighter, and more accessible than ever. This investment validates our achievements and underscores our future potential as we accelerate R&D and expand an ecosystem of application-layer solutions powered by YOLO,” Glenn Jocher, Ultralytics Founder and CEO.