NEW YORK, NY - Aug 20, 2025 - EliseAI, the leading AI company automating complex workflows in healthcare and housing, today announced a $250 million Series E funding round, valuing the company at over $2.2 billion. Led by Andreessen Horowitz (a16z), with participation from new investor Bessemer Venture Partners and existing investors Sapphire Ventures and Navitas Capital, the round underscores EliseAI’s transformative impact on essential industries.
“This funding will accelerate our mission to streamline operations and enhance experiences in healthcare and housing,” said Minna Song, Co-Founder and CEO of EliseAI.
Cathy Gao of Sapphire Ventures noted, “EliseAI’s multimodal AI sets the standard for purpose-built automation.”
The capital will fuel team expansion, product innovation, and market growth, solidifying EliseAI’s position as a leader in conversational AI.
Funding Details
EliseAI secured $250 million in its Series E funding round, led by Andreessen Horowitz (a16z), with contributions from Bessemer Venture Partners, Sapphire Ventures, and Navitas Capital. The all-equity round, valuing EliseAI at over $2.2 billion, doubles its valuation from its $75 million Series D in August 2024, reflecting strong investor confidence in its AI-driven solutions for healthcare and housing.
Strategic Goals and Use of Funds
EliseAI will deploy the $250 million to achieve the following strategic objectives:
- Team Expansion: Double its workforce from over 300 to 600 employees by 2026, hiring across engineering, customer experience, sales, and operations in New York, San Francisco, Boston, and Chicago.
- Product Innovation: Enhance its multimodal AI platform with advanced features for healthcare scheduling, prior authorizations, and housing workflows like AI-guided tours and lease audits.
- Market Expansion: Scale operations to serve additional healthcare providers and property managers, targeting 1,000 new clients by 2027.
- System Integrations: Develop deeper integrations with EHRs and property management systems to ensure seamless adoption.
- R&D Investment: Accelerate research into AI-driven automation to further reduce operational costs and improve user experiences.
Historical Funding and Growth
EliseAI has raised a total of $391.9 million across multiple rounds. Below is a summary of its funding history:
| Round | Year | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| Series A | 2020 | Not disclosed | Not disclosed | Not disclosed |
| Series B | 2021 | Not disclosed | Not disclosed | Navitas Capital |
| Series C | 2023 | $35M | Not disclosed | Point72 Private Investments |
| Series D | 2024 | $75M | $1B | Sapphire Ventures |
| Series E | 2025 | $250M | $2.2B+ | Andreessen Horowitz |
Founded in 2017, EliseAI has grown from 150 to over 300 employees since its Series D, surpassing $100 million in annual recurring revenue (ARR) in 2025. The company serves 75% of the NMHC’s Top 50 multifamily operators and has expanded into healthcare, automating workflows for millions of rental units and patient interactions.
EliseAI’s Technology
EliseAI’s multimodal AI platform automates complex workflows in healthcare and housing. In housing, it streamlines leasing, maintenance, and resident engagement with tools like AI-Guided Tours, Lease Audits, and the Maintenance App. In healthcare, its HealthAI platform handles patient scheduling, intake, prior authorizations, and front-desk operations, reducing manual tasks. Built on advanced conversational AI and machine learning, the platform ensures high accuracy, regulatory compliance, and seamless integration with EHRs and property management systems, cutting overhead by up to 25%.
Industry Impact and Challenges
EliseAI is transforming healthcare and housing by reducing operational costs and improving user experiences. In housing, it serves over 600 property operators, powering 10% of U.S. apartments, while in healthcare, it cuts administrative costs, addressing a $600 billion challenge. Challenges include ensuring compliance with HIPAA and real estate regulations, scaling integrations across diverse systems, and competing with players like AppFolio and Yardi. Maintaining AI accuracy and managing operational complexities in essential industries are also critical.
Market Context and Industry Trends
The $250 million Series E round aligns with the growing AI software market, projected to reach $250 billion by 2028, driven by demand for automation in healthcare and real estate. Recent investments, such as $105 million for Overhaul and $45 million for Upstage, reflect strong interest in AI-driven enterprise solutions. EliseAI’s focus on multimodal AI taps into trends toward integrated, industry-specific automation, addressing labor shortages and rising costs in essential sectors.
Stakeholder Perspectives
- Minna Song, Co-Founder and CEO of EliseAI: “Our AI platform is revolutionizing how healthcare and housing operate, and this funding will help us scale our impact across these critical industries.”
- Cathy Gao, Partner at Sapphire Ventures: “EliseAI’s purpose-built AI delivers measurable results with high accuracy and compliance, setting a new standard for automation.”
Stakeholder Insights
Investors see EliseAI as a leader in conversational AI, with its platform addressing critical operational challenges in healthcare and housing. The involvement of Andreessen Horowitz and Bessemer Venture Partners signals confidence in EliseAI’s ability to scale and innovate. Analysts note that success will depend on maintaining compliance, securing large-scale partnerships, and demonstrating sustained cost reductions, positioning EliseAI to dominate its target markets.
About EliseAI
Founded in 2017 by Minna Song (CEO) and Tony Stoyanov (CTO), EliseAI is a New York-based technology company building the world’s most advanced conversational AI platform. Focused on automating healthcare and housing workflows, EliseAI serves over 600 property operators and numerous healthcare providers, enhancing efficiency and user experiences. Backed by Andreessen Horowitz, Sapphire Ventures, and others, EliseAI operates in New York, San Francisco, Boston, and Chicago.
Future Outlook
EliseAI is poised to lead AI-driven automation in healthcare and housing, leveraging its $250 million Series E to double its workforce and expand its client base. The company aims to serve 1,000 new clients by 2027 and achieve a 30% reduction in operational costs for its partners. By advancing its multimodal AI and forging strategic partnerships, EliseAI seeks to capture a significant share of the AI software market, transforming essential industries.
Media Contact
For more information, please contact:
Email: press@eliseai.com
Website: www.eliseai.com
