a16z-backed EliseAI raises $350M, doubles valuation to $4B

AI startup EliseAI announced on Tuesday that it has raised $350 million at a $4 billion valuation, double what it was value when it raised its Series E final August.

This newest spherical was co-led by Andreessen Horowitz and Bessemer Ventures. EliseAI, based in 2017, automates administrative and operational work for housing and healthcare corporations. It mentioned its software program is utilized by 1 in 6 residences throughout the nation and introduced this summer season it handed $200 million in ARR. 

Earlier this month, Elise introduced the launch of an AI “teammate” known as Apollo that helps with duties contained in the EliseAI platform. “It’s constructed natively into the identical platform that already runs leasing, upkeep, and renewals,” co-founder and CEO Minna Song informed TechCrunch. “So it will probably act throughout each position on a property group.” 

EliseAI additionally helps automate the patient-related paperwork for specialty doctor teams on the healthcare facet, “from the primary inbound name by referrals, scheduling, insurance coverage verification, chart prep, and follow-up, so nothing falls by the cracks,” she mentioned. The firm has focused housing and healthcare as a result of they’re two of the “largest bills for American households,” she mentioned.