AI startup EliseAI valued at $4 billion in latest funding round

Sept 29 (Reuters) - EliseAI ‌said on ​Tuesday ​it was valued at $4 billion following its latest funding round, which nearly doubled the ‌housing and healthcare-focused AI company's valuation from ⁠a year ago.

The $350-million funding round was led by Andreessen Horowitz ‌and Bessemer Venture Partners, ‌with participation from Ontario Teachers' Pension Plan, Sapphire Ventures and Navitas Capital.

The funding underscores growing investor ​interest in AI companies that automate complex, industry-specific workflows as businesses seek to improve efficiency ⁠and reduce administrative workloads.

AI spending growth among mid-sized firms peaked in ​August, with adoption concentrated in service industries such as healthcare and education to help ​automate administrative tasks, documentation and ‌communication, according to Bank of America Institute.

EliseAI's housing platform automates tasks such as ⁠leasing, maintenance and renewals. Its healthcare business helps physician groups manage patient intake, scheduling, insurance checks, referrals and ⁠follow-ups.

The company was valued at $2.2 billion in a Series E ​funding round in 2025.

It plans to use the new funds to expand its engineering, deployment and sales teams and ‌establish San Francisco as a second engineering hub alongside its New York headquarters.

EliseAI ‌said in June it had surpassed $200 million in ⁠annual recurring revenue, doubling ‌revenue year over ​year for the fifth consecutive year.

(Reporting by Prakhar Srivastava in Bengaluru; Editing by Shreya ‌Biswas)

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