EliseAI raises $350 million at $4 billion valuation
US-based startup EliseAI, which develops AI tools for automating administrative work in housing and healthcare systems, announced it has raised $350 million in a funding round.
EliseAI, a New York-based startup specializing in AI tools for administrative automation in housing and healthcare, has secured $350 million in a new funding round, valuing the company at $4 billion. The investment was led by Andreessen Horowitz and Bessemer Venture Partners.
Other participants in the round included the Ontario Teachers’ Pension Plan, Sapphire Ventures, and Navitas Capital. EliseAI intends to use the capital to expand its engineering, deployment, and sales teams.
The company also announced plans to establish a second engineering hub in San Francisco, complementing its existing New York headquarters. EliseAI's technology focuses on automating administrative tasks within property management and healthcare sectors.
This latest funding follows a previous Series E round where EliseAI raised $250 million, underscoring continued investor confidence in the company's growth and market position.