The newest Multi-billion dollar AI startup is not for writing code or generating images. It’s for answering your landlord.
Real estate and home management company based in New York Elise AI is in talks to raise a new round of financing at a valuation of $3.7 billion, including $300 million in financing.
Andreessen Horowitz and Bessemer Venture Partners are in talks to lead the round, according to sources familiar with the round. Details are still being finalized and numbers are subject to change.
EliseAI, Andreessen Horowitz and Bessemer Venture Partners did not respond to a request for comment.
It’s the latest sign that investors are confident AI can help automate day-to-day business operations. Founded in 2017, the startup sells AI assistants to housing operators. The company uses AI to automate communications and activities in real estate, such as requests for apartment tours, scheduling appointments and maintenance requests from tenants and owners.
Elise AI’s chatbot automates these interactions, freeing up time for management teams. The technology is also used by healthcare customers to manage billings and patient appointments.
The company last raised $250 million at a Valuation of $2.2 billion in August 2025 from Andreessen Horowitz, Bessemer and Sapphire Ventures. In early 2025, EliseAI also reached $100 million in ARR, the predictable revenue a company expects to generate in a year from subscriptions or recurring contracts.
