The Pulse
EliseAI Raises $350M at a $4B Valuation
EliseAI announced a $350 million financing at a $4 billion valuation, led by Andreessen Horowitz and Bessemer Venture Partners. The company plans to expand its AI tools for housing and healthcare operations and open a second engineering hub
AI.info Team · Written with AI ·
EliseAI has raised $350 million at a $4 billion valuation, announcing the financing on September 29. Andreessen Horowitz and Bessemer Venture Partners led the round, joined by Ontario Teachers’ Pension Plan, Sapphire Ventures and Navitas Capital. The company says it will use the money to expand AI products for housing and healthcare operations and add engineering, deployment and sales staff across North America.
The financing comes as EliseAI reports more than $200 million in annual recurring revenue. The company said in June that revenue had doubled year over year for five consecutive years. Its announcement also says its software powers one in six U.S. apartments and that more than 30 million Americans have interacted with its products since the company was founded.
EliseAI’s $350M backs two operating businesses
EliseAI sells software to housing providers for leasing, resident services, maintenance and renewals. The company says customers first used the platform for leasing and resident communications, then asked it to handle more tasks tied to staff productivity and property operations. The financing is intended to extend that work across customers’ existing processes.
Healthcare is the company’s second business. EliseAI says its tools for specialty physician groups cover administrative steps from an initial patient call through referrals, scheduling, insurance verification, chart preparation and follow-up. The company did not disclose a separate revenue figure or customer count for healthcare in its financing announcement.
Apollo moves beyond leasing conversations
The raise follows EliseAI’s September launch of Apollo, which the company describes as an AI teammate that can perform tasks across its platform. The tool works within the systems property teams already use, according to EliseAI’s announcement. The company plans to extend Apollo’s task-completion approach across housing operations.
“The industries where AI matters most are still not the ones getting the most attention,”
Minna Song, co-founder and CEO of EliseAI, in the company’s financing announcement.
Song’s comment frames the bet behind the financing: build AI for day-to-day work in sectors where customers depend on physical services and administrative systems, not only online interactions. The company’s release describes both housing and healthcare as areas where staff spend substantial time on administration. It says the new capital will support product development and hiring, while also establishing San Francisco as a second engineering hub alongside its New York headquarters.
Company growth figures carry the $4B valuation
EliseAI’s revenue and apartment reach are company-reported measures, not figures independently assessed in the financing announcement. They offer a snapshot of the scale the company says it has reached, but do not show how much of its business comes from healthcare or how adoption differs across housing customers. The company also did not disclose the allocation of the $350 million between its two markets.
Sameer Dholakia, a Bessemer Venture Partners partner who joined EliseAI’s board as part of the financing, pointed to the company’s focus on property operations. The practical test for the expansion is whether its software can take on more administrative work while producing measurable results for property teams and clinical practices. EliseAI has announced the funding, its revenue milestone and its planned San Francisco hub; it has not provided a breakdown of the round’s spending or business performance by sector.