EliseAI

Proptech · Healthtech · AI

Funding

EliseAI raises $350M Series F at $4B valuation, led by a16z, Bessemer

Its platform already runs leasing, maintenance and renewals for one in six U.S. apartments, underscoring investor appetite for regulated-industry AI.

• EliseAI raised $350 million in a Series F round that values the company at $4 billion, co-led by existing investors Andreessen Horowitz and Bessemer Venture Partners.
• EliseAI builds AI that automates back-office work for landlords and health systems, handling leasing, maintenance and renewals in housing and patient intake and scheduling in healthcare.
• New investor Ontario Teachers' Pension Plan joined alongside existing backers Sapphire Ventures and Navitas Capital; the round is entirely primary capital with no secondary sale for early investors or employees.
• EliseAI said in June it had surpassed $200 million in annual recurring revenue, doubling revenue year over year for five straight years, and its software now powers one in six U.S. apartments.
• The new valuation nearly doubles the $2.2 billion mark set roughly 13 months earlier in EliseAI's $250 million Series E, and marks the fourth time it has raised from a16z and Bessemer since 2023.
• EliseAI will use the capital to expand its engineering, deployment and sales teams and open a second engineering hub in San Francisco alongside its New York headquarters.
• The deal signals sustained investor conviction in vertical AI for overlooked, highly regulated sectors like housing and healthcare, rather than horizontal tools built for knowledge workers.