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

EliseAI raised $350 million in a round co-led by Andreessen Horowitz and Bessemer Venture Partners, doubling its valuation to $4 billion since its Series E last year. The company automates administrative workflows for property managers and healthcare providers, says it serves 1 in 6 U.S. apartments, and recently surpassed $200 million ARR.

The funding highlights sustained investor appetite for vertical AI companies that automate high-volume, repetitive work in large regulated industries. EliseAI’s focus on housing and healthcare suggests domain-specific AI platforms may have stronger near-term revenue potential than broad productivity tools.