On September 29, 2026, EliseAI announced a $350 million funding round at a $4 billion valuation. Andreessen Horowitz and Bessemer Venture Partners led the round, with participation from Ontario Teachers’ Pension Plan, Sapphire Ventures and Navitas Capital.
EliseAI automates administrative work in two industries. In housing it handles leasing, resident services, maintenance and renewals for multifamily properties; in healthcare it runs scheduling, insurance verification and intake for specialty physician groups. The company says it passed $200 million in annual recurring revenue as of June 2026, that it powers one in six U.S. apartments, that more than 30 million Americans have interacted with it since founding, and that it has doubled revenue year over year for five straight years.
The company plans to spend the money on expanding its operations automation, growing engineering and deployment teams across North America, and opening San Francisco as a second engineering hub alongside its New York headquarters.
Why it matters: it is a clear example of vertical AI - narrow agents doing front-office work in a single industry - reaching the revenue scale that once took enterprise software companies a decade. What it does not show: the ARR figure is self-reported and dated June, the “one in six apartments” claim is not defined (properties using any part of the product, or fully automated leasing), and the release gives no measure of accuracy, error rates or customer churn.