EliseAI, a company focused on using artificial intelligence to streamline the healthcare and housing industries, has secured $250 million in a Series E funding round. The investment was led by Andreessen Horowitz (a16z), with Bessemer Venture Partners joining as a new backer alongside existing supporters Sapphire Ventures and Navitas Capital.
The fresh funding will enable EliseAI to scale up rapidly, hiring across engineering, sales, customer experience, marketing, and strategy roles, while strengthening its presence in New York, San Francisco, Boston, and Chicago. The company said it will use the capital to accelerate innovation, improve patient and customer experiences, and expand its AI-driven solutions.
“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 These two systems are notoriously complex, outdated, and painful to navigate.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.”
The raise follows the company’s $75 million Series D in August 2024. Since then, EliseAI has doubled its workforce from 150 to over 300 employees and introduced new products across both sectors. Earlier this year, it crossed the milestone of $100 million in Annual Recurring Revenue (ARR).
In healthcare, EliseAI has set its sights on one of the system’s costliest challenges: administrative overheads. The company estimates that excessive manual processes in U.S. healthcare drive annual administrative costs of more than $600 billion. Its platform automates complex workflows such as scheduling, prior authorisations, and patient communications, with the aim of cutting overhead costs by up to 25%, lowering wait times, and reducing call abandonment rates.
“EliseAI has transformed our OB GYN call center operations by streamlining complex workflows, reducing patient wait times, improving operational efficiency, and elevating the customer experience,” said Dr. Pierre Hage of Women’s Health CT – Obstetrics & Gynecology. “With EliseAI, we’re on the path to achieving 24/7/365 comprehensive practice management for our patients and staff.”
The company is also expanding its footprint in housing, where rising costs, high turnover, and labour shortages continue to pose major challenges. EliseAI has developed a suite of products for property managers, including AI-Guided Tours, Lease Audits, the Fee Transparency Suite, and the Maintenance App, all designed to improve efficiency and enhance tenant experiences.
EliseAI now works with more than 600 owners and operators in the U.S., including 75% of the National Multifamily Housing Council’s (NMHC) Top 50 Operators.
“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. “We’re thrilled to be leading Elise’s latest financing as they raise the standard for how people experience two of life’s most essential services: housing and healthcare.”
