Elastic, the powerhouse behind Elasticsearch®, has officially announced the appointment of Navam Welihinda as its Chief Financial Officer (CFO), effective February 28, 2025. Welihinda will oversee the company’s financial strategies, acting as the principal financial officer and the principal accounting officer.
Welihinda brings a wealth of experience to Elastic, having recently served as CFO at Grammarly, where he managed corporate finance and corporate development. Prior to that, he spent seven years at HashiCorp, including as CFO, where he played a key role in guiding the company’s growth, scaling it to its IPO, and achieving profitable expansion. Welihinda’s background also includes leadership roles at IBM and investment positions at Insight Venture Partners, American Capital Strategies, and Sierra Ventures, giving him broad financial expertise in both technology and investment sectors.
Ash Kulkarni, CEO of Elastic, expressed his enthusiasm about Welihinda’s appointment, highlighting the significant growth opportunities for the company. “Elastic has a massive market opportunity ahead of it with our Search AI Platform and everything we continue to do for our customers around search, GenAI, observability, and security,” Kulkarni said. “Navam’s deep expertise in building multi-product, open-source businesses, his experience with consumption-based products, and his proven record of driving strong financial performance will be invaluable as we progress to our next phase of growth and continue to build Elastic into a generational company.”
Welihinda himself shared his excitement about joining Elastic. “Elastic has established itself as the leader in Search AI, delivering an extraordinary track record of growth and innovation,” he said. “The company’s pace of innovation, helping developers and enterprises prioritize innovation and efficiency across their businesses, using GenAI is impressive. I’m delighted to contribute to the ongoing success of our business as we move forward to our next chapter of growth.”
This appointment comes as Elastic continues to expand and evolve its technology offerings, solidifying its position in the rapidly growing Search AI and GenAI markets.
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