EliseAI raises $350 million at a $4 billion valuation

EliseAI said it raised $350 million at a $4 billion valuation, giving the company fresh capital to expand its AI workflow products and operating teams in housing and healthcare.

Andreessen Horowitz and Bessemer Venture Partners co-led the financing, with Ontario Teachers’ Pension Plan, Sapphire Ventures and Navitas Capital participating, according to EliseAI. The company did not disclose the round type, whether the valuation was calculated before or after the investment, or other transaction terms. Bessemer partner Sameer Dholakia joined EliseAI’s board as part of the financing.

For comparison, Gimlet Labs’ $300 million Series B at a $3 billion valuation was also led by Andreessen Horowitz earlier in September.

EliseAI said it plans to use the money to automate more customer operations and grow its engineering, deployment and sales teams across North America. The company also plans to make San Francisco its second engineering hub, alongside its New York headquarters.

EliseAI sells automation software for operational tasks often handled by employees. Its housing platform covers leasing, resident services, maintenance and renewals. Its healthcare business targets specialty physician groups, automating tasks that include incoming calls, referrals, scheduling, insurance verification, chart preparation and follow-up.

Earlier in September, EliseAI introduced Apollo, an agent embedded in its housing platform that can take actions across supported tasks while inheriting each user’s permissions. EliseAI presented Apollo as part of its effort to move beyond individual automated conversations and toward software that can complete broader sequences of work.

EliseAI also said it surpassed $200 million in annual recurring revenue in 2026 and doubled revenue year over year for five consecutive years. Those figures came from the company and were not independently audited in the sources reviewed.

The adoption and performance figures are company claims as well. The financing release says EliseAI’s platform powers one in six U.S. apartments. A company blog published the same day uses a different denominator, saying the platform covers 6.5 million units and one in five U.S. multifamily apartments. The blog also says deployments are associated with occupancy two percentage points higher, residents being seven percentage points more likely to renew and net operating income as much as 20% higher. The reviewed sources did not independently validate those results.