Aug 20, 12:03 PM

Andreessen Horowitz Leads $250 Million Round Valuing EliseAI at $2.2 Billion

Enterprise software developer EliseAI has secured $250 million in Series E financing led by Andreessen Horowitz, lifting the New York-based company’s valuation to more than $2.2 billion—roughly twice the level of its August 2024 round. Bessemer Venture Partners and existing backer Sapphire Ventures joined the funding, which comes as investors step up bets on so-called vertical artificial-intelligence platforms tailored to specific industries. EliseAI generates over $100 million in annual recurring revenue from software that automates customer service and operations for U.S. apartment managers and outpatient healthcare providers. Chief Executive Officer Minna Song said the fresh capital will fund product-development work and support plans to double the 300-person workforce across offices in New York, San Francisco, Boston and Chicago over the next year. The company, whose tools are already used in one in eight U.S. apartments, aims to deepen its presence in real estate while accelerating growth in healthcare administration.

#EliseAI #Andreessen Horowitz #New York #Bessemer Venture Partners #Sapphire Ventures #Minna Song #San Francisco #Boston #Chicago

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Andreessen Horowitz Leads $250 Million Round Valuing EliseAI at $2.2 Billion

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