Overview
- The company said it closed a $350 million financing that values EliseAI at $4 billion, a deal announced on Sept. 29 that was co-led by Andreessen Horowitz and Bessemer Venture Partners.
- EliseAI plans to use the funds to grow engineering, deployment, and sales teams and to establish San Francisco as a second engineering hub alongside its New York headquarters.
- Earlier this month the company launched Apollo, an agentic AI teammate that answers questions, takes actions inside customers’ systems, and automates recurring leasing, maintenance, scheduling and intake tasks end to end.
- EliseAI reported strong commercial scale, saying it passed $200 million in annual recurring revenue, powers one in six U.S. apartments, and handles roughly 5 million calls per month.
- Investors and observers note the high valuation relative to reported ARR and flag governance and product-safety questions as Apollo expands into regulated healthcare workflows, and Bessemer partner Sameer Dholakia joined EliseAI’s board as part of the round.