EliseAI, the AI company automating complex housing, has announced it has raised $350 million at a $4 billion valuation. The financing was led by Andreessen Horowitz (a16z) and Bessemer Venture Partners, with participation from Ontario Teachers’​ Pension Plan, Sapphire Ventures, and Navitas Capital.

EliseAI will use the capital to automate more of its customers’ operations and to grow its engineering, deployment, and sales teams across its North American offices. It plans to establish San Francisco as a second engineering hub alongside its New York headquarters.

EliseAI’s technology helps housing providers automate workflows across leasing, resident services, maintenance, and renewals. These operators initially adopted the platform to automate leasing and resident communications, but as its capabilities have expanded, customers have asked EliseAI to take on a broader range of operational processes that drive staff productivity, resident satisfaction, and property performance.

Apollo, the agentic AI teammate EliseAI launched earlier this month. Apollo works within the systems property teams already use and carries tasks through to completion, changing how everyone from leasing agents to executives do their jobs. The company plans to extend this approach across housing operations, taking on problems the industry has struggled with.

Minna Song, co-founder and CEO of EliseAI, said, “Housing has enormous problems to solve, and we’ve grown by going deeper with our customers until we’ve solved the root causes. Every year our customers trust us with more of their operations, and that kind of trust is only earned by a company built to last. Andreessen Horowitz and Bessemer Venture Partners understand that, and they’re the partners we want for the long term.”

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