AI startup EliseAI raised $350 million at a $4 billion valuation, doubling its worth from August. The company, founded in 2017, automates administrative work for housing and healthcare providers, serving 1 in 6 apartments nationally and generating $200 million in annual recurring revenue. It launched Apollo, an AI teammate that helps property and healthcare teams streamline operations.
EliseAI, an AI company automating back-office work for landlords and health systems, raised $350 million at a $4 billion valuation in a funding round co-led by a16z and Bessemer Venture Partners, nearly doubling its valuation from $2.2 billion 13 months earlier. CEO Minna Song attributed the growth to expanded product offerings and deeper market penetration in housing and healthcare. The funding will support product development and expand the company's engineering teams across North America, including a new San Francisco hub.