EliseAI raised $350 million in fresh capital, bringing its valuation to $4 billion, according to Commercial Observer. Andreessen Horowitz, also known as a16z, and Bessemer Venture Partners led the financing round. The Ontario Teachers' Pension Plan, Sapphire Ventures and Navitas Capital also participated.
The Manhattan-based company plans to use the funding to accelerate the development and delivery of products that automate property and health care operations. EliseAI also intends to open a second engineering hub in San Francisco alongside its New York headquarters, while hiring across engineering, deployment and sales teams in Boston, Chicago, Austin and Toronto.
What happened
In June 2026, EliseAI surpassed $200 million in annual recurring revenue, doubling its revenue year over year for five consecutive years. The company stated that its platform powers one in six U.S. apartments, and more than 30 million Americans have interacted with the software since the firm began operations. Sameer Dholakia, partner at Bessemer Venture Partners, joined the EliseAI board of directors in connection with the round.
The platform supports operations across conventional multifamily, scattered-site, single-family, student and affordable housing properties. Operators use the software to automate leasing, resident communications, maintenance requests, renewals and collections. Earlier in the month, EliseAI launched Apollo, an agentic AI product that executes tasks within existing property systems based on natural-language prompts.
What it changes for a closing
For lenders, borrower counsel and asset managers managing loan closings, property management automation affects operational due diligence and underwriting documentation. When multifamily borrowers use automated systems for leasing, collections, renewals and maintenance logs across portfolios, closing teams encounter digital records generated by automated workflows rather than manual onsite logs.
Lenders reviewing tenant files, historical rent rolls and property expense lines must verify how automated systems feed underlying accounting platforms. As tools like Apollo handle tasks across property types, closing teams face fewer paper-bound property records and more centralized operational data during loan diligence and portfolio reviews.