Elastic completes acquisition of Jina AI
Elastic (NYSE: ESTC) completed its acquisition of Jina AI; founder Han Xiao became Elastic VP of AI. Jina's standalone search-foundation APIs (Embeddings, Reranker, Reader, DeepSearch) and their token-credit pricing continue to operate independently post-deal.
Elastic completed its acquisition of Jina AI on 2025-10-09 (Elastic IR / major outlets). Han Xiao joined as Elastic VP of AI. Jina’s token-credit API pricing — 10M free tokens per key, $50→1B ($0.050/1M) Standard, $500→11B ($0.045/1M) Premium — continues independently. Jina had earlier introduced its current shared-balance pricing model on 2025-05-06 with grandfathering for prior auto-recharge subscribers.
Elastic completes its acquisition of Jina AI; founder/CEO Han Xiao becomes Elastic's VP of AI. The standalone Jina Search Foundation API and its token-credit pricing continue to operate independently post-acquisition. No public repricing announced as of the June 2026 review.