EliseAI Raises $350 Million to Reach $4 Billion Valuation

Artificial intelligence startup EliseAI announced on Tuesday, September 29, 2026, that it secured $350 million in a new funding round. This financing doubled its corporate valuation to $4 billion. The funding follows a Series E round completed in August 2025 and highlights rapid enterprise adoption of specialized workflow automation.

The latest funding round was co-led by venture capital firms Andreessen Horowitz and Bessemer Venture Partners. Additional participation included the Ontario Teachers’ Pension Plan, Sapphire Ventures, and Navitas Capital. As part of the investment agreement, Bessemer partner Sameer Dholakia is joining the company’s board of directors.

Expanding Automation in Housing and Healthcare

Founded in 2017 by Minna Song and Tony Stoyanov, New York-based EliseAI develops autonomous artificial intelligence agents. These agents handle administrative and operational workflows. The platform operates primarily within two heavily regulated sectors: residential housing and healthcare.

In the housing market, EliseAI software powers approximately one in six apartment units across the United States. The system manages full leasing lifecycles, ranging from initial inbound inquiries and tour scheduling to rental applications, move-ins, lease renewals, maintenance requests, and billing collections. Earlier this year, the company introduced an internal AI assistant named Apollo to streamline cross-functional tasks for property management teams.

Within healthcare, the platform automates administrative paperwork for specialty physician groups. Its AI agents handle high-volume operational tasks, including inbound calls, patient scheduling, insurance verification, medical chart preparation, and post-visit follow-up sequences.

Rapid Revenue Growth and Market Footprint

EliseAI reported surpassing $200 million in annual recurring revenue prior to the funding announcement. This milestone underscores five consecutive years of doubled year-over-year revenue growth. More than 30 million Americans have interacted with the company’s automated agents since its inception.

Chief Executive Officer Minna Song emphasized that the company’s growth stems from addressing root operational challenges within essential industries. By focusing on repetitive, high-volume administrative tasks, EliseAI has embedded its technology into the core operating stack of large-scale property and healthcare operators.

Future Expansion Plans

Headquartered in Manhattan inside a 109,000-square-foot former Tiffany & Co. building, EliseAI plans to allocate the newly raised capital toward scaling its engineering, deployment, and sales teams across North America. The company intends to establish San Francisco as a secondary engineering hub alongside its New York headquarters. It is also actively recruiting across major tech hubs, including Boston, Chicago, Austin, and Toronto.

Industry analysts note that the substantial capital injection reflects increasing investor confidence in vertical AI applications. These applications deliver measurable operational efficiency over horizontal, general-purpose software models.

Frequently Asked Questions

What is EliseAI’s current valuation?

Following its September 2026 funding round, EliseAI is valued at $4 billion, effectively doubling its valuation from its previous round.

Who co-led the $350 million funding round?

The financing round was co-led by venture capital firms Andreessen Horowitz and Bessemer Venture Partners.

Who founded EliseAI?

EliseAI was founded in 2017 by Minna Song and Tony Stoyanov.

What industries does EliseAI serve?

The company automates administrative and operational workflows for residential housing operators and specialty healthcare physician groups.

How widespread is EliseAI’s software in housing?

EliseAI software powers approximately one in six apartment units across the United States, managing rental tasks from inquiry through maintenance and renewals.