E
liseAI, a New York-based AI company, has secured $250 million in Series E funding led by Andreessen Horowitz. The investment also drew participation from Bessemer Venture Partners and continued backing from Sapphire Ventures and Navitas Capital, valuing the company at approximately $2.2 billion.

    The company has reportedly surpassed $100 million in annual recurring revenue and plans to double its headcount to around 300 employees across New York, San Francisco, Boston, and Chicago. EliseAI's strategy focuses on integrating AI into core systems to boost efficiency and reduce administrative costs, a model that could revolutionize the way housing and healthcare operate at scale.

    The funding highlights EliseAI's ambition to further automate tasks in housing and healthcare, such as leasing and resident communications, and front-desk operations. The company currently serves over 600 owners and operators, including top players in the multifamily housing market, and has a 10% penetration in the US apartment market. Its platform is already embedded in workflows of major property operators like Zillow Group.

    The investment underscores investor enthusiasm for vertical AI tools that are tailored to specific industries and deeply integrated into existing workflows. EliseAI's growth plan signals a broader push into core operations, rather than just showcasing AI novelty. The company's trajectory illustrates a shift towards embedding AI into day-to-day business tools, such as electronic health records and leasing platforms.