EliseAI in Talks to Secure $300 Million at $3.7 Billion Valuation

New York-based artificial intelligence platform EliseAI is negotiating a $300 million funding round that would value the startup at $3.7 billion, according to reporting first published by Business Insider and covered by The Next Web. Venture capital firms Andreessen Horowitz and Bessemer Venture Partners are currently in discussions to co-lead the deal. Sources familiar with the transaction noted that final terms remain unsettled and could shift before closing. EliseAI, Andreessen Horowitz, and Bessemer all declined to comment on the talks.

If finalized at the reported terms, the capital injection will mark a substantial step up in valuation for the business automation provider. EliseAI previously closed a $250 million Series E round in August 2025 at a $2.2 billion valuation, a deal led by Andreessen Horowitz alongside Bessemer and Sapphire Ventures, as reported at the time by Reuters. The current transaction would represent an increase of approximately $1.5 billion in market value over a 12-month period, following an August 2024 Series D round of $75 million led by Sapphire Ventures that initially brought the startup to unicorn status at a $1 billion valuation.

Co-founded in 2017 by Minna Song and Tony Stoyanov, EliseAI originally created software designed to streamline tenant communications for residential property operators. Song, who previously worked as an administrative assistant at a New York real estate firm, conceived the platform after observing leasing teams routinely answer repetitive tenant inquiries. The system uses conversational artificial intelligence over email, phone, and text to schedule apartment tours, field routine tenant questions, and log maintenance tickets across housing portfolios.

In 2023, the company adapted its core administrative processing tools to enter the healthcare industry. The expanded product line targets operational bottlenecks at medical facility front desks, assisting health providers with patient appointment scheduling, invoice generation, and billing tasks. Investors view the healthcare sector as a natural extension of the platform's workflow automation software, effectively expanding its addressable market without requiring fundamental alterations to its underlying technology.

EliseAI crossed $100 million in annual recurring revenue in early 2025, operating on a software-as-a-service business model. Its headcount has grown from roughly 150 employees to over 300 since its Series D financing, with staff distributed across offices in New York, San Francisco, Boston, and Chicago. Industry data from Mordor Intelligence estimates the global property management software market reached $6.53 billion in 2026 and projects it to reach $9.93 billion by 2031, presenting digital conversion opportunities against legacy software vendors such as Yardi, AppFolio, Entrata, and RealPage.

EliseAI operates within a crowded market of property automation ventures pursuing distinct operational strategies. Startups like Lette AI are building focused agentic automation software for property managers, while UK-based Dwelly automates property lettings by acquiring legacy real estate agencies. Meanwhile, Adam Neumann's real estate venture Flow, which achieved a $2.5 billion valuation in 2025, focuses on direct building ownership rather than software licensing. EliseAI has maintained a pure-play software model, providing administrative automation across leasing, renewals, maintenance, and healthcare workflows.

The prospective funding round comes during an active dealmaking period for Andreessen Horowitz, which recently participated in a $5 billion financing round for data platform Databricks alongside several other large-scale artificial intelligence investments. The venture capital firm is currently subject to a U.S. Department of Justice antitrust investigation examining whether its general partners hold competing board seats across rival technology companies, though the federal inquiry is unrelated to EliseAI.

The proposed raise underscores sustained venture appetite for applied AI platforms that generate recurring revenue by automating routine enterprise tasks. Recent significant investments in workflow and task automation include chip designer Groq raising $350 million, video AI platform Higgsfield securing $400 million, and voice interface startup Wispr closing a $280 million round. For EliseAI, securing terms at a $3.7 billion valuation would position it among the most valuable operational AI platforms serving legacy commercial sectors.