EliseAI Raises $350 Million, Doubling Valuation to $4 Billion

EliseAI said Tuesday it has raised $350 million at a $4 billion valuation, double the figure the company carried after its Series E round roughly a year earlier, according to TechCrunch.

Who led the new funding round?

The round was co-led by Andreessen Horowitz and Bessemer Ventures, TechCrunch reported. Andreessen Horowitz, commonly known as a16z, has backed the company through multiple rounds as its valuation climbed. The report did not disclose the names of other participating investors or the size of individual checks.

What does EliseAI's software actually do?

Founded in 2017, EliseAI builds software that automates administrative and operational tasks for housing and healthcare companies, according to the company's account to TechCrunch. On the housing side, the company said its platform is used to manage functions such as leasing, maintenance, and renewals across apartment properties. EliseAI told TechCrunch its software is used by one in six apartments in the United States, and the company said this summer it had surpassed $200 million in annual recurring revenue.

On the healthcare side, the company automates patient-related paperwork for specialty physician groups, according to co-founder and chief executive Minna Song. That work spans "the first inbound call through referrals, scheduling, insurance verification, chart prep, and follow-up, so nothing falls through the cracks," Song told TechCrunch.

Song said the company chose housing and healthcare deliberately because they represent two of the "largest expenses for American households," she told the outlet.

What is Apollo, and why does it matter to this round?

Earlier this month, EliseAI launched an AI "teammate" called Apollo designed to work inside the company's existing platform. Song described Apollo as distinct from a standalone tool. "It's built natively into the same platform that already runs leasing, maintenance, and renewals," she told TechCrunch, "so it can act across every role on a property team." The launch predates the funding announcement by weeks and appears, based on the TechCrunch report, to be part of the product expansion investors are backing at the higher valuation.

How does this valuation compare to a year ago?

TechCrunch's report frames the jump plainly: EliseAI's $4 billion valuation is double what the company was worth after its Series E round in August of the prior year. The outlet did not provide the exact prior valuation figure beyond describing it as half the current $4 billion mark, nor did it break out how the new $350 million will be allocated between housing and healthcare product lines.

What to watch

• Whether EliseAI discloses a specific prior valuation figure or investor list beyond a16z and Bessemer
• Adoption metrics for Apollo across property management teams already using the platform
• Whether the $200 million ARR milestone reported this summer grows alongside the new capital
• Any additional healthcare-sector partnerships beyond specialty physician groups

TechCrunch's report is the sole sourced account of the round as of Tuesday's announcement; no additional company statement or SEC filing was cited in the original story.