EliseAI raises $350M at $4B valuation for housing and healthcare AI
EliseAI, the New York company that automates housing and healthcare operations with AI, said Tuesday it raised $350 million at a $4 billion valuation, led by Andreessen Horowitz and Bessemer Venture Partners.
Landlords and doctor groups are paying to get leasing, maintenance, scheduling, and insurance checks off their staff. EliseAI just raised $350 million at a $4 billion valuation for that admin work, not for another chat toy.
On Tuesday, 29 September 2026, EliseAI said it raised $350 million at a $4 billion valuation. A valuation is the price this announcement puts on the whole company. EliseAI is private, so that price is not a stock-market quote. The company describes itself as the AI firm that automates complex housing and healthcare systems. The release is datelined New York. GlobeNewswire carried it. The Financial Content page that reprints the same wire stamps it 7:01 a.m. Eastern. Those lines are EliseAI’s.
Who put the money in, as EliseAI names them. Andreessen Horowitz, which the release also shortens to a16z, and Bessemer Venture Partners led the financing. Ontario Teachers’ Pension Plan, Sapphire Ventures, and Navitas Capital participated. The release does not say how much each investor put in. It also does not give this round a series letter. Reuters, the same day, names the same leads and the same three participants.
What EliseAI says the money is for. The company will use it to automate more of its customers’ operations and to grow engineering, deployment, and sales teams across its North American offices. It plans to make San Francisco a second engineering hub, alongside the New York headquarters. The about box already says EliseAI has teams in San Francisco, Boston, Chicago, Austin, and Toronto. A hub, in the announcement, is a new engineering center, not a first person in that city. The wire’s subhead says the financing will speed new products and take EliseAI deeper into the work its customers already do. Those lines are the company’s plan. They are not a report that the San Francisco hub is open.
Housing is the product EliseAI already sells to landlords. The release says the software covers every stage of renting a home: leasing, resident services, maintenance, and renewals. Leasing is filling an empty apartment. Resident services are the day-to-day requests from people who already live there. Renewals are the next lease. EliseAI says landlords started with leasing and resident messages, then asked the company to take on more of the work that affects how much the staff gets done, how residents feel, and how the building performs. Those lines are EliseAI’s.
Apollo is the newest piece of that housing product. EliseAI calls it an agentic AI teammate, launched earlier this month. Agentic, here, means the software can carry a task through, not only answer a chat question. EliseAI says Apollo can perform any task in the EliseAI platform, inside the systems property teams already use, from leasing agents to executives. The release does not print the day in September when Apollo launched. The “any task” line is the company’s.
Minna Song, co-founder and chief executive, said: “The industries where AI matters most are still not the ones getting the most attention.” She said housing has enormous problems, that the company has grown by going deeper with customers until it has solved the root causes, and that customers trust EliseAI with more of their operations each year. She said Andreessen Horowitz and Bessemer are the partners the company wants for the long term. That quotation is hers, in the release.
The sales figures in the release are from June, not from this financing. EliseAI said then that it had passed $200 million in annual recurring revenue, and that revenue had doubled year over year for five consecutive years. Annual recurring revenue, often shortened to ARR, is the yearly pace of repeat revenue. It is not the $350 million raised on Tuesday. The same paragraph says the platform powers one in six U.S. apartments, and that more than 30 million Americans have interacted with EliseAI since the company was founded. The about box restates the apartment line as one in six U.S. apartment units, and restates the growth line as five consecutive years of 100 percent year-over-year growth. Doubling is a 100 percent rise. Those figures are EliseAI’s. The release does not say what “interacted” counts.
Sameer Dholakia, a partner at Bessemer Venture Partners, joined EliseAI’s board as part of this financing. He said EliseAI has spent years building inside the day-to-day complexity of housing, and that the company pairs AI research and engineering with a detailed picture of how properties operate. He said that depth has produced measurable results and “deep customer love.” The board seat and the quotation are in the release. The release does not print the measurements behind “measurable results.”
Healthcare is the second business, and EliseAI says it is running the same playbook there. A dedicated healthcare group inside the company serves specialty physician groups. It automates the patient path from the first inbound call through referrals, scheduling, insurance verification, chart prep, and follow-up. A referral is a send-on to another doctor. Insurance verification is a check that coverage is in place. Chart prep is getting the record ready before the visit. EliseAI says leading healthcare organizations are seeing better patient experiences, clinical staff with more time for care, and no patients falling through the cracks. Those outcome lines are the company’s. Reuters, the same day, describes the healthcare business more shortly: it helps physician groups with patient intake, scheduling, insurance checks, referrals, and follow-ups. Intake is the first set of questions and paperwork. Reuters does not print chart prep, and it says physician groups rather than specialty physician groups.
EliseAI is hiring across all functions in New York, San Francisco, Boston, Chicago, Austin, and Toronto. Open jobs are listed at eliseai.com/careers. The about box says the company is headquartered in New York. The press contact on the release is press@eliseai.com.
Reuters reported the same round on Tuesday. The wire says the $350 million financing valued EliseAI at $4 billion and nearly doubled the company’s valuation from a year ago. It says the earlier mark was $2.2 billion, in a Series E round in 2025. Series E is a late private round, named with a letter. That letter is Reuters’s description of the 2025 round. Tuesday’s EliseAI release does not put a letter on the new $350 million. Reuters also says the housing platform automates leasing, maintenance, and renewals, and that the new money will expand engineering, deployment, and sales teams and establish San Francisco as a second engineering hub next to New York. On the June figures, Reuters says EliseAI had surpassed $200 million in annual recurring revenue, doubling revenue year over year for the fifth consecutive year. Prakhar Srivastava reported the story in Bengaluru. Shreya Biswas edited it. The page stamps the story 11:18 a.m. UTC.
In plain terms, a New York company that does the admin for apartment buildings and for doctor groups raised $350 million on Tuesday, at a $4 billion price for the whole firm. a16z and Bessemer led. The last published valuation Reuters cites is $2.2 billion, from a 2025 Series E. The company says the new money grows the teams and adds a San Francisco engineering hub. It does not call this round by a series letter.
The picture is a teal desk card of the round. It names EliseAI, $350 million raised, a $4 billion valuation, and Andreessen Horowitz and Bessemer as the leads, with the 29 September 2026 date on the card. It is a graphic of the figures in the GlobeNewswire release. It is not a photograph of an office or of the investors.