EliseAI Raises $350 Million, Valuation Doubles to $4 Billion
· Technology · TechCrunch, Economic Times
AI startup EliseAI has secured $350 million in a funding round co-led by Andreessen Horowitz and Bessemer Ventures. The investment doubles the company's valuation to $4 billion compared to its Series E round last August. Founded in 2017, the firm provides automation software for administrative and operational tasks in the housing and healthcare sectors. The company reports that its software currently serves one in six apartments across the US and has surpassed $200 million in annual recurring revenue. Additionally, the firm recently launched an AI teammate named Apollo to assist with property management workflows.
Why it matters
The significant valuation increase underscores growing investor confidence in AI-driven automation for high-cost sectors like housing and healthcare, potentially signaling further consolidation of AI tools in property management.
Read the original report — TechCrunch
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