EliseAI said on 29 September 2026 that it had raised $350 million at a $4 billion valuation in a round led by Andreessen Horowitz and Bessemer Venture Partners.
Key points
- Ontario Teachers’ Pension Plan, Sapphire Ventures and Navitas Capital also participated, EliseAI said.
- The company said it passed $200 million in annual recurring revenue in June 2026.
- EliseAI plans to use the funding for product development and hiring, including a second engineering hub in San Francisco.
Bessemer takes a seat on EliseAI’s board
Ontario Teachers’ Pension Plan, Sapphire Ventures and Navitas Capital joined the financing, EliseAI said. Sameer Dholakia, a partner at Bessemer Venture Partners, joined the company’s board of directors as part of the round.
EliseAI said it would put the capital towards automating more work for customers and developing new products. It also plans to expand its engineering, deployment and sales teams across its North American offices. The financing therefore supports both the software it sells and the staff who bring it into customers’ operations.
The company said it had exceeded $200 million in annual recurring revenue by June 2026, after doubling revenue year on year for five consecutive years. Those are EliseAI’s reported revenue figures, rather than figures supplied by the investors participating in the round.
Dholakia said EliseAI’s knowledge of property operations had produced “measurable results” for customers. His assessment accompanied the announcement of his board appointment. EliseAI described the round as funding a wider role for its software in the work housing and healthcare providers carry out each day.
Apollo extends EliseAI beyond leasing
Housing providers first used EliseAI’s platform for leasing and resident communications, according to the company. Its products now cover work across leasing, resident services, maintenance and renewals. EliseAI said customers had asked it to handle a broader set of operational processes as the platform’s capabilities expanded.
EliseAI says its platform powers one in six US apartment units. It also says more than 30 million Americans have interacted with the company since it was founded. The apartment figure describes the reach EliseAI claims for its housing platform, while the interaction figure covers people over the company’s lifetime.
In September, EliseAI launched Apollo, an AI product intended to carry out tasks across its platform within the systems property teams already use. The company says Apollo can perform any task available in the EliseAI platform and complete work for users ranging from leasing staff to executives.
EliseAI plans to extend that approach across housing operations. Minna Song, its co-founder and chief executive, said customers had entrusted the company with more of their work each year. The company’s planned product expansion follows its move from leasing and communications into maintenance, renewals and other property workflows.
Healthcare expansion and a San Francisco hub
EliseAI also has a dedicated healthcare business serving specialty physician groups. The company says its software handles administrative steps from inbound calls to referrals, appointment scheduling, insurance verification, chart preparation and follow-up. It described this as an extension of the approach it has used in housing.
The company says healthcare organisations using the product have improved patients’ experiences and freed clinical staff to spend more time on care. Those descriptions come from EliseAI’s account of its customers’ use of the software.
For its own operations, EliseAI plans to establish San Francisco as a second engineering hub alongside its New York headquarters. The plan forms part of the broader expansion of engineering, deployment and sales staff that it says the new capital will support.
EliseAI said it was hiring across all functions in New York, San Francisco, Boston, Chicago, Austin and Toronto.
