Element451 Receives $175 Million Strategic Investment from PSG to Accelerate AI Adoption in Higher Ed Admissions and Student Success
by Ardis Kadiu · Dec 06, 2024
I'm excited to share that Element451 has secured a $175 million investment from growth equity firm PSG, and I couldn't be more thrilled about what this means for our team and our growing community of partner schools.
Over 250 higher ed institutions use Element451 to transform how they engage and support students across their educational journeys. Schools of all types and sizes find Element451 indispensable — from community colleges to private and public 4-year institutions to graduate and trade schools.
With PSG’s financial and strategic resources, we aim to empower more schools with the most advanced, yet user-friendly AI solutions available for attracting, enrolling, and retaining students.
What’s Ahead: More and Better AI
PSG invests in fast-growth software companies that deliver substantial value and transformative products.
Its investment will help position us as the go-to CRM and student engagement platform for meeting the growing demand for AI-powered solutions in higher education and other learning-based settings.
For example, we’ll be accelerating our engineering efforts, particularly in the area of artificial intelligence.
Over the past year we’ve launched productivity-boosting features like our Bolt AI Assistants for students and staff. And our Bolt Discovery solution is turning college and university websites into intuitive Q&A destinations through the power of generative AI search.
You can expect more AI innovation across the Element451 platform, as well as add-on solutions for institutions that want to enhance their existing admissions and enrollment technology with AI.
AI-First for Everyone
Managing director Rick Essex from PSG put it really well when he said that Element451 stands out for our AI-first approach to solving a critical challenge: delivering personalized attention to students while maximizing staff efficiency. That's exactly what we're all about.
The higher education landscape has changed dramatically. Students expect instant, personalized interactions at every turn, and institutions are struggling to keep up with limited resources and increasing enrollment pressures.
That's where Element451 and artificial intelligence comes in. AI offers something for everyone who works in higher ed — from admissions and marketing to enrollment and student success.
We're providing the AI-powered solutions that higher ed needs to deliver the kind of 1:1 attention that drives enrollment and student success.
I'm so excited about this next chapter for Element451. With PSG's support, we'll be able to help even more institutions create meaningful connections with students at scale. It's a big step forward in our mission, and I can't wait to see what we'll achieve together.
Stay tuned for more updates as we continue to innovate and grow. The future of higher ed is looking brighter than ever!
Learn more about the investment.
About Element451
Element451 is an AI-first CRM and Student Engagement platform for higher education. Designed to simplify and personalize every interaction across the student journey. Welcome to the era of student-centric engagement.
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