a16z-backed EliseAI raises $350M, doubles valuation to $4B
AI startup EliseAI has raised $350 million in a new funding round, doubling its valuation to $4 billion. The company provides automation software for the housing and healthcare sectors and recently launched an AI teammate tool called Apollo.
Why it matters
The significant valuation increase underscores continued investor confidence in vertical-specific AI applications that automate administrative workflows.
AI startup EliseAI announced on Tuesday that it has raised $350 million at a $4 billion valuation, double what it was worth when it raised its Series E last August.
This latest round was co-led by Andreessen Horowitz and Bessemer Ventures. EliseAI, founded in 2017, automates administrative and operational work for housing and healthcare companies. It said its software is used by 1 in 6 apartments across the country and announced this summer it passed $200 million in ARR.
Earlier this month, Elise announced the launch of an AI “teammate” called Apollo that helps with tasks inside the EliseAI platform. “It’s built natively into the same platform that already runs leasing, maintenance, and renewals,” co-founder and CEO Minna Song told TechCrunch. “So it can act across every role on a property team.”
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