EliseAI, an AI startup focused on automating administrative tasks in housing and healthcare, raised $350 million at a $4 billion valuation, doubling its worth since its Series E round last August. The funding round was announced on Tuesday and was co-led by Andreessen Horowitz and Bessemer Ventures. Founded in 2017, EliseAI’s software is used in one in six apartments nationwide and recently surpassed $200 million in annual recurring revenue, according to techcrunch.com.
The latest funding follows the company’s launch of Apollo, an AI teammate integrated into its platform that assists with leasing, maintenance, and renewals. Co-founder and CEO Minna Song explained that Apollo operates across all roles on a property team, enhancing operational efficiency. EliseAI also automates patient-related paperwork for specialty physician groups, handling processes from inbound calls to insurance verification and follow-up, ensuring no tasks are missed, techcrunch.com reported.
EliseAI targets housing and healthcare sectors because they represent two of the largest expenses for American households. The company’s growth and valuation increase reflect rising demand for AI-driven automation in these industries. The $350 million round places EliseAI among the notable AI startups attracting significant venture capital, with backing from prominent investors like Andreessen Horowitz and Bessemer Ventures, per techcrunch.com.
EliseAI’s $350 million funding round was announced on September 29, 2026, marking a key milestone as the company scales its AI platform across housing and healthcare markets. The startup’s reported $200 million ARR highlights its expanding commercial footprint.