• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI SuperconnectorNEW
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI SuperconnectorNEW
  • Settings
  • RSS Feeds
PublishGo to AppAI Superconnector
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI superconnector for talent & startupsNEW
    Legal
    Terms of usePrivacy policyCookie policy

    Elastic Announces Faster Filtered Vector Search with ACORN-1 and Default Better Binary Quantization Compression

    7/30/25 9:01:00 AM ET
    $ESTC
    Computer Software: Prepackaged Software
    Technology
    Get the next $ESTC alert in real time by email

    New capabilities deliver up to 5X faster filtered vector search, improved ranking quality, and lower infrastructure costs to unlock scalable, cost-efficient AI applications

    Elastic (NYSE:ESTC), the Search AI Company, announced new performance and cost-efficiency breakthroughs with two significant enhancements to its vector search. Users now benefit from ACORN, a smart filtering algorithm, in addition to Better Binary Quantization (BBQ) as the default for high-dimensional dense vectors. These capabilities improve both query performance and ranking quality, providing developers with new tools to build scalable, high-performance AI applications while lowering infrastructure costs.

    "We're committed to giving developers the best tools to build and iterate AI applications at scale," said Ajay Nair, general manager, Platform at Elastic. "ACORN for filtered vector queries and default Better Binary Quantization represent a step-change in performance and efficiency. This enables our users to execute complex, high-speed, filtered queries at low latency with a dramatic memory reduction, all while maintaining high ranking quality."

    Smarter, Faster Filtered Search with ACORN

    ACORN-1 is a new algorithm for filtered k-Nearest Neighbor (kNN) search in Elasticsearch. It tightly integrates filtering into the traversal of the HNSW graph, the core of Elasticsearch's approximate nearest neighbor search engine. Unlike traditional approaches that apply filters post-search or require pre-indexing, ACORN enables flexible filter definition at query time, even after documents have been ingested.

    In real-world filtered vector search benchmarks, ACORN delivers up to 5X speedups, improving latency without compromising result accuracy.

    Improved Ranking with BBQ by Default

    Better Binary Quantization (BBQ) is now the default quantization method for dense vectors of 384+ dimensions in Elasticsearch 9.1. This change boosts ranking quality while slashing latency and resource usage.

    When benchmarked across 10 industry-standard BEIR datasets, BBQ outperformed traditional float32-based search in 9 out of 10 cases, using the NDCG@10 (Normalized Discounted Cumulative Gain at 10) metric for top-10 ranking accuracy. BBQ achieves this through a combination of aggressive compression (~32X) and evaluation of more candidates during search.

    For details on how to get started with ACORN and BBQ by default in Elasticsearch 9.1, read the Elastic blog.

    For more information:

    • kNN search Documentation
    • Vector Quantization Documentation
    • Elastic Ranking Evaluation API

    About Elastic

    Elastic (NYSE:ESTC), the Search AI Company, integrates its deep expertise in search technology with artificial intelligence to help everyone transform all of their data into answers, actions, and outcomes. Elastic's Search AI Platform — the foundation for its search, observability, and security solutions — is used by thousands of companies, including more than 50% of the Fortune 500. Learn more at elastic.co.

    Elastic and associated marks are trademarks or registered trademarks of Elasticsearch BV and its subsidiaries. All other company and product names may be trademarks of their respective owners.

    View source version on businesswire.com: https://www.businesswire.com/news/home/20250730532740/en/

    Media Contact

    Elastic PR

    [email protected]

    Get the next $ESTC alert in real time by email

    Crush Q3 2025 with the Best AI Superconnector

    Stay ahead of the competition with Standout.work - your AI-powered talent-to-startup matching platform.

    AI-Powered Inbox
    Context-aware email replies
    Strategic Decision Support
    Get Started with Standout.work

    Recent Analyst Ratings for
    $ESTC

    DatePrice TargetRatingAnalyst
    6/27/2025$111.00Neutral → Buy
    Monness Crespi & Hardt
    6/10/2025Sector Weight
    KeyBanc Capital Markets
    1/17/2025$108.00Neutral
    Cantor Fitzgerald
    12/17/2024$130.00Overweight
    Morgan Stanley
    11/25/2024$135.00Neutral → Outperform
    Wedbush
    11/22/2024$125.00 → $140.00Outperform
    Oppenheimer
    11/22/2024$95.00 → $135.00Neutral → Outperform
    Robert W. Baird
    10/14/2024Mkt Perform → Outperform
    William Blair
    More analyst ratings

    $ESTC
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    View All

    Elastic upgraded by Monness Crespi & Hardt with a new price target

    Monness Crespi & Hardt upgraded Elastic from Neutral to Buy and set a new price target of $111.00

    6/27/25 7:51:39 AM ET
    $ESTC
    Computer Software: Prepackaged Software
    Technology

    KeyBanc Capital Markets initiated coverage on Elastic

    KeyBanc Capital Markets initiated coverage of Elastic with a rating of Sector Weight

    6/10/25 8:08:04 AM ET
    $ESTC
    Computer Software: Prepackaged Software
    Technology

    Cantor Fitzgerald initiated coverage on Elastic with a new price target

    Cantor Fitzgerald initiated coverage of Elastic with a rating of Neutral and set a new price target of $108.00

    1/17/25 7:36:50 AM ET
    $ESTC
    Computer Software: Prepackaged Software
    Technology

    $ESTC
    Press Releases

    Fastest customizable press release news feed in the world

    View All

    Elastic to Announce First Quarter Fiscal 2026 Earnings Results on Thursday, August 28, 2025

    Elastic (NYSE:ESTC) ("Elastic"), the Search AI Company, announced that it will release its financial results for its first quarter fiscal 2026 ended July 31, 2025, after the U.S. market close on Thursday, August 28, 2025. The company will host a conference call at 2:00 p.m. PT / 5:00 p.m. ET that day to review its financial results and business outlook. A live webcast of the conference call will be accessible from the Elastic investor relations website at ir.elastic.co. A replay of the webcast will be available for two months. About Elastic Elastic (NYSE:ESTC), the Search AI Company, integrates its deep expertise in search technology with artificial intelligence to help everyone trans

    8/14/25 4:15:00 PM ET
    $ESTC
    Computer Software: Prepackaged Software
    Technology

    Elastic Introduces Logs Essentials: Serverless Log Analytics, in a New Low-priced Tier

    Site reliability engineers and developers gain access to powerful log analytics without the overhead of managing Elastic Stack Elastic (NYSE:ESTC), the Search AI Company, today announced Elastic Observability Logs Essentials ("Logs Essentials"), a new tier within Elastic Cloud Serverless that delivers fast, scalable and cost-effective log analytics powered by Elasticsearch. Built for Site Reliability Engineers (SREs) and developers, Logs Essentials provides critical capabilities for ingesting, searching, visualizing, and alerting on logs without needing to handle ops, upgrades, or tuning. It accelerates root cause analysis, provides deep contextual insights through ES|QL, Elastic's pipe

    8/7/25 9:00:00 AM ET
    $ESTC
    Computer Software: Prepackaged Software
    Technology

    Elastic Announces Elastic AI SOC Engine for Exposing Complex, Hidden Threats

    Elastic AI SOC Engine (EASE) reduces alert fatigue and investigation time by integrating context-aware AI with existing SIEM and EDR tools Elastic (NYSE:ESTC), the Search AI Company, today announced the launch of Elastic AI SOC Engine (EASE), a new serverless, easy-to-deploy security package that brings AI-driven context-aware detection and triage into existing SIEM and EDR tools, without the need for an immediate migration or replacement. EASE delivers agentless integrations, AI-driven alert correlation using Elastic's Attack Discovery, and an AI Assistant that empowers SOC analysts to uncover hidden, coordinated threats faster and reduce manual investigation time. Delivered on the Ela

    8/6/25 1:55:00 PM ET
    $ESTC
    Computer Software: Prepackaged Software
    Technology

    $ESTC
    SEC Filings

    View All

    SEC Form S-8 filed by Elastic N.V.

    S-8 - Elastic N.V. (0001707753) (Filer)

    6/10/25 8:06:38 AM ET
    $ESTC
    Computer Software: Prepackaged Software
    Technology

    SEC Form 144 filed by Elastic N.V.

    144 - Elastic N.V. (0001707753) (Subject)

    6/9/25 9:53:03 PM ET
    $ESTC
    Computer Software: Prepackaged Software
    Technology

    Amendment: SEC Form SCHEDULE 13G/A filed by Elastic N.V.

    SCHEDULE 13G/A - Elastic N.V. (0001707753) (Subject)

    6/4/25 8:49:22 AM ET
    $ESTC
    Computer Software: Prepackaged Software
    Technology

    $ESTC
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    View All

    Chief Revenue Officer Dodds Mark Eugene sold $208,739 worth of Ordinary Shares (2,500 units at $83.50), decreasing direct ownership by 1% to 172,321 units (SEC Form 4)

    4 - Elastic N.V. (0001707753) (Issuer)

    6/25/25 4:24:34 PM ET
    $ESTC
    Computer Software: Prepackaged Software
    Technology

    Chief Executive Officer Kulkarni Ashutosh sold $400,050 worth of Ordinary Shares (5,000 units at $80.01), decreasing direct ownership by 1% to 476,936 units (SEC Form 4)

    4 - Elastic N.V. (0001707753) (Issuer)

    6/17/25 4:25:35 PM ET
    $ESTC
    Computer Software: Prepackaged Software
    Technology

    New insider Bone Jane E claimed ownership of 39,415 units of Ordinary Shares (SEC Form 3)

    3 - Elastic N.V. (0001707753) (Issuer)

    6/17/25 4:22:13 PM ET
    $ESTC
    Computer Software: Prepackaged Software
    Technology

    $ESTC
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    View All

    Director Auvil Paul R. Iii bought $1,484,968 worth of Ordinary Shares (20,000 units at $74.25), increasing direct ownership by 761% to 22,627 units (SEC Form 4)

    4 - Elastic N.V. (0001707753) (Issuer)

    9/3/24 4:50:24 PM ET
    $ESTC
    Computer Software: Prepackaged Software
    Technology

    $ESTC
    Leadership Updates

    Live Leadership Updates

    View All

    Elastic Names Navam Welihinda Chief Financial Officer

    Former HashiCorp and IBM executive joins Elastic to play key role in driving next phase of growth Elastic ® (NYSE:ESTC) ("Elastic"), the company behind Elasticsearch®, today announced the appointment of Navam Welihinda as chief financial officer, effective February 28, 2025. In this role, Welihinda will serve as the Company's principal financial officer and principal accounting officer. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250227725046/en/Navam Welihinda, Chief Financial Officer at Elastic (Photo: Business Wire) Welihinda joins Elastic from Grammarly, where he served as CFO and oversaw corporate finance and corporate

    2/27/25 4:05:00 PM ET
    $ESTC
    Computer Software: Prepackaged Software
    Technology

    Autodesk appoints Janesh Moorjani as chief financial officer

    SAN FRANCISCO, Nov. 26, 2024 /PRNewswire/ -- Autodesk, Inc. (NASDAQ:ADSK) today announced the appointment of Janesh Moorjani as the company's chief financial officer, effective December 16, 2024. Moorjani brings over 20 years of experience in the technology industry, with deep expertise in driving growth and efficiency at scale. Most recently, Moorjani served as CFO and COO of Elastic NV (NYSE:ESTC), the Search AI Company. Reporting to chief executive officer Andrew Anagnost, Moorjani will lead and oversee Autodesk's global finance organization. Moorjani will succeed interim c

    11/26/24 4:01:00 PM ET
    $ADSK
    $ESTC
    Computer Software: Prepackaged Software
    Technology

    Elastic Names Mark Dodds Chief Revenue Officer

    Former Cisco executive joins Elastic to help spearhead company's continued growth Elastic® (NYSE:ESTC) ("Elastic"), the company behind Elasticsearch®, today announced the appointment of Mark Dodds as chief revenue officer, effective immediately. Reporting to Elastic CEO Ash Kulkarni, Dodds will be responsible for driving all aspects of the company's revenue growth, building on its ongoing success as the leading search analytics platform. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231211976269/en/Mark Dodds, Chief Revenue Officer, Elastic (Photo: Busines Wire) Dodds brings extensive global sales leadership experience to the

    12/11/23 9:00:00 AM ET
    $ESTC
    Computer Software: Prepackaged Software
    Technology

    $ESTC
    Financials

    Live finance-specific insights

    View All

    Elastic to Announce First Quarter Fiscal 2026 Earnings Results on Thursday, August 28, 2025

    Elastic (NYSE:ESTC) ("Elastic"), the Search AI Company, announced that it will release its financial results for its first quarter fiscal 2026 ended July 31, 2025, after the U.S. market close on Thursday, August 28, 2025. The company will host a conference call at 2:00 p.m. PT / 5:00 p.m. ET that day to review its financial results and business outlook. A live webcast of the conference call will be accessible from the Elastic investor relations website at ir.elastic.co. A replay of the webcast will be available for two months. About Elastic Elastic (NYSE:ESTC), the Search AI Company, integrates its deep expertise in search technology with artificial intelligence to help everyone trans

    8/14/25 4:15:00 PM ET
    $ESTC
    Computer Software: Prepackaged Software
    Technology

    Elastic Reports Fourth Quarter and Fiscal 2025 Financial Results

    Q4 Revenue of $388 million, up 16% year-over-year (16% in constant currency) Q4 Elastic Cloud Revenue of $182 million, up 23% year-over-year (23% in constant currency) FY25 Revenue of $1.483 billion, up 17% year-over-year (17% in constant currency) Elastic (NYSE:ESTC) ("Elastic"), the Search AI Company, announced financial results for its fourth quarter and full fiscal year ended April 30, 2025. Fourth Quarter Fiscal 2025 Financial Highlights Total revenue was $388 million, an increase of 16% year-over-year, as reported and on a constant currency basis Elastic Cloud revenue was $182 million, an increase of 23% year-over-year, as reported and on a constant currency basis GAA

    5/29/25 4:05:00 PM ET
    $ESTC
    Computer Software: Prepackaged Software
    Technology

    Elastic Completes Acquisition of Keep

    Companies join forces to bring workflow automation to Search AI-powered applications Elastic (NYSE:ESTC), the Search AI company, announced it has completed the acquisition of Keep Alerting Ltd ("Keep"), an open source AIOps company that unifies alerts and automates incident remediation, helping users manage alerts to improve operational efficiency and service reliability. "I'm excited to welcome the Keep team to Elastic, merging its world-class open source AIOps and workflow automation capabilities with the speed and scale of Elasticsearch," said Ken Exner, chief product officer at Elastic. "Keep's AIOps capabilities will complement Elastic's AI/ML and AI Assistant solutions to deliver AI

    5/21/25 4:15:00 PM ET
    $ESTC
    Computer Software: Prepackaged Software
    Technology

    $ESTC
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    View All

    Amendment: SEC Form SC 13G/A filed by Elastic N.V.

    SC 13G/A - Elastic N.V. (0001707753) (Subject)

    11/13/24 4:43:44 PM ET
    $ESTC
    Computer Software: Prepackaged Software
    Technology

    Amendment: SEC Form SC 13G/A filed by Elastic N.V.

    SC 13G/A - Elastic N.V. (0001707753) (Subject)

    11/13/24 4:42:44 PM ET
    $ESTC
    Computer Software: Prepackaged Software
    Technology

    SEC Form SC 13G/A filed by Elastic N.V. (Amendment)

    SC 13G/A - Elastic N.V. (0001707753) (Subject)

    2/14/24 4:51:13 PM ET
    $ESTC
    Computer Software: Prepackaged Software
    Technology