Overview
- EliseAI disclosed Tuesday that it raised $350 million in a round co-led by Andreessen Horowitz and Bessemer Venture Partners that values the company at $4 billion.
- Investors including Ontario Teachers' Pension Plan, Sapphire Ventures and Navitas Capital also participated and Bessemer partner Sameer Dholakia joined EliseAI’s board as part of the deal.
- The company launched Apollo earlier in September as an agentic AI teammate that can answer questions, take actions inside EliseAI’s platform, surface insights and automate recurring workflows.
- EliseAI surpassed $200 million in annual recurring revenue in June and says its platform now powers roughly one in six U.S. apartments while handling millions of user interactions each month.
- EliseAI plans to use the new capital to hire across engineering, deployment and sales, establish San Francisco as a second engineering hub alongside New York, and accelerate product delivery for housing and health care customers.