EliseAI Raises $350M at $4B Valuation to Accelerate AI Product Development

The financing was led by Andreessen Horowitz (a16z) and Bessemer Venture Partners, with participation from Ontario Teachers' Pension Plan, Sapphire Ventures and Navitas Capital.

Artificial intelligence company EliseAI has raised $350 million in new financing at a $4 billion valuation, as the company plans to accelerate product development and expand its AI-powered automation platform across housing and healthcare.

The financing was led by Andreessen Horowitz (a16z) and Bessemer Venture Partners, with participation from Ontario Teachers' Pension Plan, Sapphire Ventures and Navitas Capital.

EliseAI initially focused on automating communications and workflows for the rental and leasing industry before expanding into healthcare four years ago. The company previously raised $250 million in Series E funding in August 2025.

The latest funding comes as EliseAI expands its use of agentic AI. Earlier this month, the company launched Apollo, its first agentic AI teammate. According to the company, Apollo can perform tasks across the Elise platform, enabling customers to automate additional operational workflows.

EliseAI said it surpassed $200 million in annual recurring revenue (ARR) in June 2026, after doubling its revenue year over year for five consecutive years. The company also said its platform now powers one in six apartments, while more than 30 million Americans have interacted with its technology since its launch.

Sameer Dholakia, partner at Bessemer Venture Partners, said EliseAI's understanding of housing operations, combined with its AI research and engineering capabilities, has helped the company deliver measurable results for customers.

EliseAI CEO and co-founder Minna Song said the company has expanded by working closely with customers to address operational challenges in housing.

The company plans to use the new capital to automate more customer operations and expand its North American engineering, deployment and sales teams. EliseAI also plans to establish San Francisco as a second engineering hub, alongside its headquarters in New York.

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