AI startup EliseAI announced on Tuesday that it has raised $350 million at a $4 billion valuation, double what it was worth when it raised its Series E last August. This latest round was co-led by Andreessen Horowitz and Bessemer Ventures. EliseAI, founded in 2017, automates administrative and operational work for housing and healthcare companies.
It said its software is used by 1 in 6 apartments across the country and announced this summer it passed $200 million in ARR. Earlier this month, Elise announced the launch of an AI “teammate” called Apollo that helps with tasks inside the EliseAI platform. The company has targeted housing and healthcare because they are two of the “largest expenses for American households,” she said.
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