Ultralytics recently completed a Series A funding round of $30 million. This funding was led by Elephant, with the participation of SquareOne. The company’s primary focus is on developing advanced vision AI technology, which is revolutionizing the application of artificial intelligence across various industries.
At the core of Ultralytics’ offerings is the ability to automate the identification of objects within images and videos. This innovative technology allows organizations to not only recognize what is in their visual data but also take meaningful actions based on these insights. The applications of this technology are vast, covering areas such as agriculture, manufacturing, healthcare, and robotics. For instance, farmers can use it to monitor crop health, manufacturers can enhance quality control processes, and healthcare providers can improve patient care through better data analysis.
One of the standout aspects of Ultralytics’ technology is its association with open-source YOLO models, which stands for “You Only Look Once.” This particular model is known for its object detection and image segmentation capabilities. Ultralytics has been actively developing and enhancing these YOLO models, leading to improved performance in both speed and accuracy. As a result of these advancements, Ultralytics YOLO has become a widely used model in the computer vision landscape, proving effective across various industries.
The impact of Ultralytics’ innovation is evident in the growing developer community, which has embraced its models. As of September 2025, over 1 million developers trust these models, which are utilized more than 2 billion times each day in over 200 countries worldwide.
Ultralytics has been profitable since its inception, and it has seen rapid expansion after introducing its enterprise licensing model in 2023. Through this approach, the company has established itself as a leader in computer vision. It successfully serves an impressive array of clients, including major companies like Siemens, STMicroelectronics, and Duolingo, as well as numerous Fortune 500 companies and emerging startups. This growth has been achieved without relying heavily on external funding, demonstrating the strength and reliability of its business model. The enterprise model facilitates secure and large-scale implementations in closed environments, which has contributed to the widespread acceptance of Ultralytics’ vision AI technology.
With the recent funding, Ultralytics plans to accelerate its hiring efforts, focusing on expanding its teams in research and development for YOLO, as well as in enterprise solutions engineering and marketing. The company is also preparing for its annual YOLO Vision event, scheduled to take place in London on September 25th. This event will bring together researchers, engineers, and developers from over 500 companies for a day filled with insightful talks, live demonstrations, networking opportunities, and product launches.
KEY QUOTES:
“Ultralytics’ success is built on the conviction that open-source drives enterprise innovation, and nowhere is that more evident than in artificial intelligence. We’ve redefined what’s possible with Edge AI, delivering YOLO models that are faster, lighter, and more accessible than ever. This investment validates our achievements and underscores our future potential as we accelerate R&D and expand an ecosystem of application-layer solutions powered by YOLO.”
Glenn Jocher, Founder and CEO, Ultralytics
“Ultralytics is unique in its ability to capitalize on the power of open-source innovation and deliver an enterprise-grade vision AI solution that can handle business-critical applications at the edge. The strength of the open-source community, the commercial traction, and the capital efficiency with which the business has been built are all impressive. We’re excited to be on board with Glenn and the Ultralytics team as we support their next phase of growth.”
Peter Fallon, General Partner, Elephant
“SquareOne invested in Ultralytics at the seed stage because we believed in the power of open-source and Glenn’s vision. They’ve since built one of the largest AI developer communities, creating a defensible moat in modern tech. We’re excited to continue our support in this Series A as Ultralytics expands its global impact in vision AI.”
Georg Stockinger, Partner, SquareOne
“Growth at Ultralytics goes beyond metrics; it’s about building meaningful products for our customers and the open-source community that has supported us from the start. This investment gives us the resources to scale globally, expand customer adoption, and deepen partnerships so that we can turn innovation into real-world impact for organizations everywhere.”
Paula Derrenger, VP of Growth, Ultralytics
