The latest multi-billion dollar AI startup isn't for writing code or generating images. It's for answering your landlord.
New York-based property and housing management company EliseAI is in talks to raise a new round of funding at a $3.7 billion valuation, 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. The details are still being finalized, and the numbers could still change.
EliseAI, Andreessen Horowitz, and Bessemer Venture Partners didn't respond to a request for comment.
It's the latest sign that investors are betting AI can help automate everyday business operations. Founded in 2017, the startup sells AI assistants to housing operators. The company uses AI to automate communication and operations in real estate, such as apartment tour requests, appointment scheduling, and maintenance requests from tenants and owners.
Elise AI's chatbot automates these interactions, freeing up time for management teams. The tech is also being used by customers in the healthcare industry for managing invoices and bills, as well as patient appointments.
The company last raised $250 million at a $2.2 billion valuation in August of 2025 from Andreessen Horowitz, Bessemer, and Sapphire Ventures. In early 2025, EliseAI also hit $100 million in ARR, the predictable revenue a company expects to generate over a year from subscriptions or recurring contracts.