EliseAI raises $350 million at a $4 billion valuation for housing and healthcare AI
a16z and Bessemer co-led the round, which nearly doubles the company's $2.2 billion mark from August 2025; EliseAI says ARR passed $200 million in June.
- EliseAI raised $350 million at a $4 billion valuation, co-led by a16z and Bessemer, reported as closed September 29, 2026.
- The company says ARR passed $200 million in June and its platform powers about one in six U.S. apartments; neither is independently verified.
- The round followed the launch of Apollo, described as its first agentic AI teammate; pricing and technical details were not disclosed.
EliseAI, an AI automation company for housing and healthcare operations, raised $350 million at a $4 billion valuation, with the round reported as closed on September 29, 2026. Andreessen Horowitz and Bessemer Venture Partners co-led, and the valuation is nearly double the $2.2 billion mark reported in August 2025.
What was announced
- Investors: a16z and Bessemer co-led. Ontario Teachers' Pension Plan joined, and Digital Health News also lists Sapphire Ventures and Navitas Capital as participants.
- Prior round: Digital Health News says the previous round was a $250 million Series E in August 2025. The round name for the new financing was not stated in the sources reviewed.
- Use of funds: automating more of customers' operations, expanding North American engineering, deployment and sales teams, and opening San Francisco as a second engineering hub next to its New York headquarters.
Company claims
EliseAI says the following, and none of it has been independently verified:
- Annual recurring revenue passed $200 million in June 2026.
- Revenue has doubled each year for five consecutive years.
- Its platform powers about one in six U.S. apartments, and more than 30 million Americans have interacted with its technology.
- It expanded into healthcare four years ago. The reports gave no healthcare metrics or named customers.
Product
The round followed the launch of Apollo, described as EliseAI's first agentic AI "teammate," which can carry out tasks across the Elise platform to automate more operational workflows. No pricing, exact launch date or technical details were given.
What is not known
- Whether the financing has fully closed.
- The exact ARR figure, since the sources say only "surpassed $200 million."
- How the "30 million Americans" figure was counted.
- How Apollo performs or how it is priced.
Why it matters
EliseAI sells AI automation into two specific industries, housing and healthcare, rather than a general-purpose assistant. The valuation jump suggests investors are rewarding vertical software that automates operational work. For operators and SaaS builders, the useful signal is that an industry-focused product with a clear job is raising at scale. If you sell to property managers or clinics, tools like this may start appearing in procurement. If you build for another vertical, look at where staff still do repetitive operational work by hand. Related reading: AI agents are coming for the SaaS stack.
The Appboxs newsroom covers launches, funding, acquisitions, pricing changes and AI across the SaaS and no-code world. Every story links to its primary sources. Have a tip, a correction or a story we should cover? Send it through our contact page.