AI Startup Doubles Valuation to $4B

AI startup EliseAI announced on Tuesday, September 29, 2026, that it has successfully raised $350 million in a new funding round. This investment values the company at $4 billion, a substantial increase from its previous valuation last August. The round was co-led by prominent venture capital firms Andreessen Horowitz and Bessemer Ventures.

Founded in 2017, EliseAI specializes in automating administrative and operational tasks for companies within the housing and healthcare industries. The company reported that its software is currently utilized in one in every six apartments across the United States. As of this summer, EliseAI surpassed $200 million in Annual Recurring Revenue (ARR).

Earlier this month, EliseAI introduced Apollo, an AI "teammate" integrated into its existing platform. Apollo is designed to assist with a wide array of tasks for property teams, functioning across various roles. This innovation aims to streamline operations further within the housing sector.

On the healthcare side, EliseAI provides automation for patient-related paperwork for specialty physician groups. This includes managing processes from initial contact through scheduling, insurance verification, and follow-up, ensuring no critical steps are missed. The company's focus on housing and healthcare stems from these sectors representing significant expenses for American households.