EliseAI Raises $250 Million Backed by Andreessen Horowitz and Bessemer

EliseAI, the New York–based AI company focused on automating complex workflows in healthcare and housing, has raised $250 million in a Series E round. The funding was led by Andreessen Horowitz (a16z), with participation from new investor Bessemer Venture Partners and existing backers Sapphire Ventures and Navitas Capital.

With this new capital, the company plans to expand its team across engineering, customer experience, sales, marketing, and strategy and operations. EliseAI is also growing its office hubs in New York, San Francisco, Boston, and Chicago.

Founded in 2017 by CEO Minna Song and CTO Tony Stoyanov, EliseAI began in the housing sector. Song, who studied computer science at MIT, worked as an administrative assistant at a New York real estate firm after college to better understand the industry’s challenges. There, she saw firsthand the inefficiencies in tenant communication and leasing.

The company’s early focus on automating property management tasks gained traction, and today EliseAI supports more than 600 owners and operators, including 75% of NMHC’s Top 50 Operators. Its technology powers automation for one in eight apartments in the United States, handling leasing inquiries, maintenance requests, tenant communications, and more. Clients include large operators such as Zillow Group.