# Electric

> Electric provides IT management software for small and midsize businesses, connecting employee records with device purchasing, application access, security policies, and onboarding workflows. Following a restructuring and sale of its services assets, it relaunched in August 2026 around AI-powered automation and payroll-platform distribution.

- **Founded:** 2016
- **Headquarters:** New York, United States
- **Founders:** Ryan Denehy (Founder and CEO)
- **Products:** Electric IT Hub, Gigawatt, Hardware Store, Application Management, Device Management
- **Notable:** Reported $1 billion valuation in March 2022., August 2026 launch announcement reports 55,000+ end users and 1,000+ customer companies., Built software using experience from two million IT tickets and customer interactions, according to its relaunch announcement.

## Products & services

- **Electric IT Hub** — Centralized employee, device, and application management; a free SaaS version launched in November 2023.
- **Gigawatt** — AI-powered IT assistant introduced in August 2023; current Pro pricing includes the Gigawatt automation engine.
- **Hardware Store** — Device and peripheral procurement, shipping, warehousing, and reassignment integrated with employee workflows.
- **Application Management** — Role-based application provisioning and deprovisioning, license reporting, and access visibility.
- **Device Management** — Device inventory, remote lock and wipe, security policy rollout, and patch management.
- **Security integrations** — Password, endpoint, network, email, backup, and awareness tools offered through technology integrations.

## Achievements

- Reported $1 billion valuation in March 2022.
- August 2026 launch announcement reports 55,000+ end users and 1,000+ customer companies.
- Built software using experience from two million IT tickets and customer interactions, according to its relaunch announcement.
- Established payroll distribution partnerships across ADP, TriNet, Justworks and other HCM providers.

## Latest updates

- **2026-03** — Company timeline records the TriNet IT partnership.
- **2026-07** — Company timeline records general availability of ADP IT Management.
- **2026-08** — Electric relaunched as an AI-powered IT platform distributed through payroll partners; founder disclosed layoffs exceeding 60% and sale of services assets.
- **2026-08** — Ryan Denehy discussed the rebuild in a GTMnow interview published August 27.

## Links

- Website: https://electric.ai/
- LinkedIn: https://www.linkedin.com/company/electric-ai/
- Twitter/X: https://twitter.com/electric_ai
- Instagram: https://www.instagram.com/electric_ai/
- Facebook: https://www.facebook.com/ElectricAI

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Profile page: https://yespress.io/electric
Published by YesPress — https://yespress.io
Last updated: 2026-10-02