Ultralytics, a global leader in vision AI at the edge, has raised $30 million in a Series A funding round led by Elephant, with participation from SquareOne. This investment will fuel the company’s mission to advance open-source YOLO models and expand enterprise-grade vision AI solutions across industries.
Ultralytics raises $30M in Series A led by Elephant, SquareOne joins.
YOLO models power vision AI for object detection and image segmentation.
Trusted by 1M+ developers, with 2B daily uses across 200+ countries.
Supports applications in agriculture, healthcare, robotics, and more.
Profitable since 2023, serving Siemens, STMicroelectronics, and others.
Funds to accelerate R&D, hiring, and global enterprise adoption.
Ultralytics’ YOLO (You Only Look Once) models are at the forefront of vision AI, enabling organizations to automate object detection and image segmentation in real-time. These open-source models, known for their speed, accuracy, and streamlined design, power applications in agriculture, manufacturing, healthcare, robotics, and logistics. From monitoring crops to enhancing autonomous driving systems, Ultralytics’ technology is transforming industries by delivering actionable insights at the edge.
With over 115,000 GitHub stars and recognition as the #5 open-source repository in the 2024 GitHub Octoverse Report, Ultralytics has cultivated a robust community of over 1 million developers. Its YOLO models, including YOLOv5, YOLOv8, and the newly launched YOLO11, are used 2 billion times daily across more than 200 countries. This widespread adoption underscores Ultralytics’ leadership in democratizing AI for developers and enterprises alike.
Ultralytics has been profitable since launching its enterprise licensing model in 2023, enabling secure, large-scale deployments in closed environments. The company serves a prestigious clientele, including Siemens, STMicroelectronics, Duolingo, and numerous Fortune 500 companies. “Ultralytics is unique in its ability to capitalize on the power of open-source innovation and deliver an enterprise-grade vision AI solution,” said Peter Fallon, General Partner at Elephant, highlighting the company’s commercial traction and capital efficiency.
The $30 million Series A funding will accelerate Ultralytics’ research and development of YOLO models, expand enterprise solutions engineering, and bolster go-to-market efforts. “Growth at Ultralytics goes beyond metrics; it’s about building meaningful products for our customers and the open-source community,” said Paula Derrenger, VP of Growth. The company is also hiring across key teams to drive global adoption and will host its YOLO Vision event in London on September 25, 2025, to showcase innovations and foster industry collaboration.
Ultralytics’ Series A funding marks a pivotal moment in its journey to redefine vision AI at the edge. By leveraging open-source innovation and enterprise-grade solutions, the company is poised to expand its global impact, delivering cutting-edge technology that empowers organizations to innovate and thrive in an AI-driven world.
Founded by Glenn Jocher, Ultralytics is a leading force in vision AI, best known for its Ultralytics YOLO (You Only Look Once) models. With over 115,000 GitHub stars, 115+ million Python package downloads, and 2 billion daily usages, Ultralytics YOLOv5, YOLOv8, and now YOLO11 have become widely recognized object detection models globally. Ultralytics empowers users with easy-to-use, cutting-edge AI technology. Our mission is to simplify and democratize the use of AI, making it accessible and impactful across industries ranging from manufacturing to agriculture, healthcare, and more.
TechIntelPro empowers B2B technology decision-makers with the latest industry trends, deep insights, leadership perspectives and actionable intelligence to drive both organizational and professional milestones—and thrive on the tech pulse.