EliseAI has raised $350 million at a $4 billion valuation, nearly doubling the New York-based AI company’s valuation in just over a year as investors continue to back startups applying AI to large, operationally complex industries.
The financing was co-led by Andreessen Horowitz (a16z) and Bessemer Venture Partners, with participation from Ontario Teachers’ Pension Plan, Sapphire Ventures and Navitas Capital. The round comes roughly 13 months after EliseAI raised $250 million at a $2.2 billion valuation.
For EliseAI, the new funding is less about building another general-purpose AI assistant and more about expanding automation inside industries where large amounts of work still happen through phone calls, manual processes and fragmented software.
AI for Housing and Healthcare Operations
Founded by Minna Song and Tony Stoyanov, EliseAI develops AI agents designed to automate administrative workflows for housing providers and healthcare organizations.
In housing, its technology handles tasks across leasing, resident services, maintenance and renewals. The company says its platform now powers one in six U.S. apartments, while more than 30 million Americans have interacted with its technology.
EliseAI has also expanded into healthcare, where its software can manage parts of the patient journey, including inbound calls, referrals, scheduling, insurance verification, chart preparation and follow-up.
The company says it crossed $200 million in annual recurring revenue in June 2026, marking five consecutive years of doubling revenue year over year.
The Company Is Betting on AI Agents
One of EliseAI’s newest products is Apollo, an agentic AI system designed to perform tasks across the company’s platform rather than simply answer individual requests.
The concept reflects a broader change in enterprise software.
Traditional software generally waits for employees to open an application, navigate menus and tell the system what to do. AI agents can increasingly handle multi-step workflows on behalf of employees.
EliseAI says Apollo operates within assigned permissions and escalates higher-stakes decisions to humans. According to Fortune, decisions such as approving or denying applications, sending formal notices or signing off on lease terms remain subject to human review.
That distinction is particularly important in housing and healthcare, where automated decisions can have significant consequences.
EliseAI Is Expanding Beyond New York
The new capital will fund product development and expansion of EliseAI’s engineering, deployment and sales teams across North America.
The company also plans to establish San Francisco as a second engineering hub, alongside its New York headquarters. EliseAI currently has teams in New York, San Francisco, Boston, Chicago, Austin and Toronto.
The expansion comes as the company continues to build around what it sees as two large but traditionally underserved markets.
EliseAI’s strategy is notable because it focuses on industries that are operationally complicated rather than simply building another horizontal productivity tool.
Why the $4 Billion Valuation Matters
EliseAI’s valuation increase reflects a broader shift in where investors see commercial opportunities for AI.
The company raised $250 million at a $2.2 billion valuation in August 2025. Just over a year later, it is valued at $4 billion.
The underlying bet is that AI can become an operational layer inside industries where labor-intensive administrative processes represent a significant cost.
Housing and healthcare fit that model particularly well: both rely on large volumes of communication, scheduling, documentation and coordination.
EliseAI’s latest funding suggests investors are increasingly looking beyond general-purpose AI products toward companies that can embed AI automation and AI agents directly into industry workflows.
For EliseAI, the next challenge is turning that capital and growing customer base into deeper automation – without losing the human oversight required in industries where accuracy, compliance and judgment matter.
