Investors have doubled their bet on EliseAI. The New York company closed a $350M round this week that values it at $4B and funds a broader push into healthcare operations.
Andreessen Horowitz and Bessemer Venture Partners led the round, joined by Ontario Teachers’ Pension Plan, Sapphire Ventures and Navitas Capital. Bessemer partner Sameer Dholakia takes a board seat.
The company automates administrative work for housing providers and, increasingly, healthcare organizations. Housing and healthcare are the two largest expenses for American households, and both run on thin margins, heavy regulation and staff buried in paperwork.
EliseAI’s newest product, Apollo, arrived earlier this month. The company describes it as an agentic teammate that completes tasks inside the software customers already run, rather than stopping at a drafted reply.
The money will fund new products and grow its engineering, deployment and sales teams, with San Francisco becoming a second engineering hub.
Traction on the housing side is measurable. EliseAI passed $200M in annual recurring revenue in June, after doubling revenue year over year for five straight years, and says it now serves one in six US apartments.
Chief executive Minna Song argues that the industries where AI matters most rarely get the most attention.
