EliseAI, a rapidly growing AI company automating healthcare and housing systems, has raised $250 million in a Series E round led by Andreessen Horowitz (a16z), alongside Bessemer Venture Partners, Sapphire Ventures, and Navitas Capital. The new funding will fuel hiring across engineering, sales, marketing, and operations, expanding its hubs in New York, San Francisco, Boston, and Chicago while accelerating product innovation. Since closing its $75 million Series D in August 2024, EliseAI has doubled its workforce to over 300 employees, surpassed $100 million in Annual Recurring Revenue (ARR), and introduced advanced AI-driven solutions across its core sectors. In healthcare, the company is tackling administrative inefficiencies that account for over $600 billion annually in U.S. costs, using its automation platform to streamline scheduling, prior authorizations, and patient communications cutting overhead by up to 25% and improving staff and patient satisfaction. “EliseAI is built on the belief that AI can dramatically improve how critical industries operate,” said Minna Song, Co-Founder and CEO of EliseAI. “For an average American, healthcare and housing represent approximately 40% of household spending. These two systems are notoriously complex, outdated, and painful to navigate. And we’re here to fix it with agentic AI. We’re excited to partner with both new and returning investors to supercharge our growth and accelerate solutions that reduce costs and increase efficiency in the industries that matter most.”
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In housing, EliseAI addresses rising costs, labor shortages, and workforce turnover that often exceeds 40% annually, offering tools such as AI-Guided Tours, Lease Audits, a Fee Transparency Suite, and a Maintenance App to streamline operations and improve resident experiences. The company now supports over 600 owners and operators, including 75% of NMHC’s Top 50 Operators, and currently powers 10% of the U.S. apartment market. Healthcare providers and property managers alike are seeing tangible results; for instance, Women’s Health CT credited EliseAI with improving call center workflows, reducing patient wait times, and enhancing customer service. “Customers consistently describe EliseAI as the most exciting software solution in the industry. The company already powers 10% of the U.S. apartment market today, with a massive opportunity still ahead of them domestically and abroad as they begin to enter international markets,” said Alex Immerman, partner, a16z Growth.