EliseAI raises $350M at $4B valuation from a16z and Bessemer to automate housing and healthcare
Tech Funding News Abhinaya Prabhu ● Covered by 3 sources
EliseAI just raised $350M at a $4B valuation. Its bots now handle 5M calls a month across one in six US apartments, and it’s pushing harder into healthcare.
Based on reporting by Tech Funding News, Abhinaya Prabhu — read the original for the full story.
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EliseAI has turned a narrow bet on housing operations into a very expensive one. The startup just raised $350 million at a $4 billion valuation, with Andreessen Horowitz and Bessemer Venture Partners leading the round. Ontario Teachers’ Pension Plan, Sapphire Ventures, and Navitas Capital also joined in, and company co-founder and CEO Minna Song said the money is all new capital rather than a sale by existing shareholders.
That price is a big jump from where EliseAI sat a year ago. It was valued at $2.2 billion in August 2025, after a $250 million Series E led by a16z. Before that, a $75 million Series D in August 2024 made it a unicorn. The latest round nearly doubles the last mark, and it comes with the kind of revenue story that makes late-stage investors feel less embarrassed: EliseAI said in June 2026 that annual recurring revenue had passed $200 million, with revenue doubling year over year for five straight years.
The business itself is less flashy than the valuation. EliseAI started in 2017 as MeetElise, founded by Song and Tony Stoyanov, and it focuses on work that property managers would rather not do by hand. Its software sits inside the systems teams already use and automates leasing, resident communication, maintenance, renewals, and billing. The company says its agents now cover one in six US apartments and handle about 5 million calls a month.
EliseAI has also moved into healthcare. Since 2023, it has been serving specialty physician groups with tools for inbound calls, referrals, scheduling, insurance verification, chart preparation, and follow-up. It is also working with OpenAI on new voice capabilities at scale, according to Song. The latest addition to its housing stack is Apollo, launched on September 3, 2026, which can take a task across the platform and carry it through to completion.
The new money is headed for product development and for expanding engineering, deployment, and sales across North America. EliseAI also wants San Francisco to become a second engineering hub alongside New York, where it moved into a 109,000-square-foot office in the former Tiffany & Co. building on Fifth Avenue in 2026. There’s real business here, not just AI theater. That’s why the valuation keeps climbing.
My take — AI-written commentary, not fact-checked reporting
This is the cleaner AI story: not a chatbot looking for a problem, but software sitting inside an ugly, expensive workflow and making it less awful. The hype merchants hate that because it sounds like operations, not magic. Which is probably why it keeps getting funded.
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