EliseAI raised a $75M Series D, achieving unicorn status
EliseAI, a leading conversational AI platform for the housing industry, has raised $75 million in Series D funding, achieving unicorn status with a valuation of over $1 billion, as it continues to revolutionize property management and expands into healthcare automation.
Founded in 2017 by Minna Song and Tony Stoyanov, EliseAI is a leading conversational platform for the housing market that recently expanded its operation to offer non-clinical solutions in healthcare. Its modular AI-powered solutions for the housing market included in the HousingAI platform are LeasingAI, which helps users automate workflows related to leasing operations, such as scheduling property tours; ResidentAI to support renters by streamlining communications with residents; and the EliseCRM a free CRM hub included with the other modules to centralize information and workflows.
According to EliseAI, its platform is active in 1 out of every 12 multifamily apartment units in the US, as the company partners with 70% of the top 50 multifamily owners and operators and leading single-family rental companies. Likely due to widespread adoption, EliseAI has enjoyed a 2.5x increase in Annual Recurring Revenue since its Series C round. Moreover, in 2023 EliseAI expanded to cover the healthcare front, the company's HealthAI platform enables the automation of administrative and communications workloads, including patient conversations, scheduling, billing, and payments.
Building on these milestones in its journey, EliseAI recently announced it raised $75 million in a Series D round, valuing the company at over $1 billion. The funding round, led by Sapphire Ventures and supported by Navitas Capital, Point72 Private Investments, DivcoWest Ventures, and Koch Real Estate Investments, cements EliseAI's position as New York City's latest tech unicorn. With this new funding, EliseAI plans to expand its team, invest in product innovation, and build industry partnerships. The company's success highlights the growing importance of AI in transforming essential industries like housing and healthcare, promising improved efficiency and accessibility for millions of people.
