HedgeCo.Net — EliseAI on September 29, 2026 said it raised $350 million in a funding round that valued the housing- and healthcare-focused AI company at $4 billion, according to Reuters and TechCrunch. The round was co-led by Andreessen Horowitz and Bessemer Venture Partners, with participation from Ontario Teachers’ Pension Plan, Sapphire Ventures, and Navitas Capital.
Reuters noted the company was valued at about $2.2 billion in a Series E round in 2025, making the new mark roughly a doubling. TechCrunch reported EliseAI was founded in 2017 and said its software is used by about one in six U.S. apartments; the company said this summer it passed $200 million in annual recurring revenue. Proceeds are earmarked for engineering, deployment, and sales hiring, including a second engineering hub in San Francisco alongside New York headquarters.
EliseAI automates leasing, maintenance, and renewals for property operators and patient-related administrative workflows for specialty physician groups. Earlier in September it launched an in-platform AI “teammate” branded Apollo, CEO Minna Song told TechCrunch. The raise sits in a broader wave of capital toward vertical AI that targets high-volume administrative work rather than general-purpose chatbots.
For venture and growth desks, the hard marks are the September 29 announcement, the $350 million raise, the $4 billion valuation, co-leads a16z and Bessemer, named LP participants including Ontario Teachers, and the company’s stated $200 million-plus ARR. Do not invent growth rates or prior round sizes beyond Reuters and TechCrunch figures.