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a16z-backed EliseAI raises $350 million, doubling its valuation to $4 billion
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1h ago
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AI Startup EliseAI announced on Tuesday the completion of a $350 million financing round, with a post-investment valuation reaching $4 billion, doubling its valuation from the Series E financing in August last year. The company also launched a AI "teammate" earlier this month called Apollo, which can assist with tasks such as leasing, maintenance, and renewals within the EliseAI platform.
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AI Startup EliseAI announced on Tuesday that it has completed a $350 million financing round, with a post-investment valuation of $4 billion, doubling its valuation from the Series E financing in August last year.

EliseAI, co-founder and CEO, Minna Song, stated to TechCrunch that the company launched a new AI "teammate" earlier this month named Apollo, which can assist in handling tasks on the EliseAI platform.

"It is natively built within the same platform, which is already in use for leasing, maintenance, and renewal," said Song. "So it can play a role in every role within the property team."

Song also indicates that EliseAI assists specialist doctor groups in automatically handling patient-related paperwork in the medical field, 'from the initial call to referral, appointment scheduling, insurance verification, medical record preparation, and follow-up, ensuring that no step is overlooked.'

She said that the company has targeted housing and healthcare because these two are among the “two largest expenditures” of American residents.

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