AI startup EliseAI has secured $350 million in a new funding round, successfully doubling its valuation to $4 billion. Co-led by Andreessen Horowitz and Bessemer Ventures, this latest investment highlights the growing market demand for automation in sectors burdened by heavy administrative tasks.
Founded in 2017, EliseAI automates operational and administrative workflows for the housing and healthcare industries. The company’s software currently operates in one out of every six apartments nationwide, and it recently surpassed $200 million in annual recurring revenue.
Following the launch of its native AI assistant Apollo, designed to handle complex property and patient management duties, the company continues to expand its footprint. By streamlining processes from leasing to medical scheduling, EliseAI aims to curb major household expenses through increased efficiency.
- Secured $350 million in funding, reaching a $4 billion valuation.
- Round co-led by Andreessen Horowitz and Bessemer Ventures.
- Focuses on automation for the housing and healthcare sectors.
- Recently surpassed $200 million in annual recurring revenue.
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