# Elastic Launches AI Search Database

> Elastic's new AI search tool boosts growth with vector database.
- Title: Elastic Launches AI Search Database · Yahoo Finance | Shortify
- Summary: Elastic's new AI search tool boosts growth with vector database. Elastic launched a serverless vector database to accelerate AI applications, driving 15%…
- Keywords: elastic, vector database, search, subscription revenue, non-gaap margins, fiscal 2027, business, finance, Launches, Database, Yahoo Finance
- Source: Yahoo Finance — https://finance.yahoo.com/technology/ai/articles/elastic-estc-bets-big-ai-154753742.html
- Published: 2026-09-16T15:47:53+00:00
- Read time: 1 min
- Topics: elastic, ai, vector database, search, subscription revenue, non-gaap margins, fiscal 2027, business, finance
## Elastic launches vector database
Elastic released a serverless vector database for ai applications.
## New database automates ai workflows
Automates document chunking, embedding and reranking models.
## Serverless scaling up to billions
Scales to hundreds of billions of vectors with 32x memory reduction.
## Q2 revenue hits $478m
First quarter revenue reached $478 million, up 15% year over year.
## Customer growth accelerates
Added 1,800 customers with annual value over $100,000.
## Non-GAAP margins improve
Non-GAAP operating margin guided to 19.4% for fiscal 2027.
## GAAP loss persists
GAAP operating loss of $24 million despite growth.
## Key takeaway

Elastic launched a serverless vector database to accelerate AI applications, driving 15% revenue growth and non-GAAP margins at 19.4% for fiscal 2027.