The artificial intelligence startup EliseAI has raised $350 million in funding in a new round that increased its valuation to $4 billion. This valuation is double the value the company achieved when it raised Series E funding in August 2025.
EliseAI, which specializes in automating processes using artificial intelligence, announced that it had raised $350 million in a new funding round that increased its valuation to $4 billion. This valuation is double the value the company achieved when it raised Series E funding in August 2025.
The round was led by Andreessen Horowitz and Bessemer Ventures. EliseAI was founded in 2017 and focuses on automating administrative and operational tasks for housing and healthcare companies, two sectors the company described as among the largest household expenditure categories in the United States.
A Platform Serving Housing and Healthcare
EliseAI said its software is currently used in one out of every six apartments in the United States. It also announced during the summer of 2026 that its annual recurring revenue had surpassed $200 million. The source does not clarify whether this figure includes all of the company’s sectors or allocates revenue between housing and healthcare.
In the housing sector, the platform automates tasks including leasing, maintenance, and lease renewals. In healthcare, specialized physician groups use it to automate patient-related paperwork, beginning with incoming calls, referrals, and appointment scheduling, continuing through insurance verification and medical-record preparation, and extending to follow-up.
What Changes in Practice?
The funding represents a major expansion for a company that has begun providing its tools within sensitive daily operations rather than limiting them to general-purpose text assistants. Earlier in September, EliseAI had unveiled Apollo, an artificial intelligence “colleague” integrated into its platform that helps carry out tasks within the system itself.
According to Minna Song, the company’s co-founder and chief executive officer, Apollo was designed to operate across different roles within real estate teams, leveraging the platform’s integration with leasing, maintenance, and renewal functions. This means that, according to the source, the tool’s value is tied to its ability to coordinate work within a single operational platform, rather than merely provide separate answers.
Significance of the Round and Limits of the Available Information
The increase in valuation to $4 billion within a year illustrates the scale of investment in specialized artificial intelligence applications for sectors with repetitive, procedure-intensive operations. It also gives EliseAI additional resources to expand its product in two large markets, but the source does not provide details about the terms of the round, the investors’ stake, or plans for using the funding.
Important questions remain open, including how to measure automation’s impact on housing and clinic teams and how the platform handles health data and processes requiring a high degree of accuracy. These aspects were not included in the information available in the announcement, so they cannot be inferred from the funding amount or the product’s reach alone.