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30 Sep 2026, 5:51 AMTechCrunch3.5 a16z-backed EliseAI raises $350M, doubles valuation to $4B

EliseAI, founded in 2017, raised $350M at a $4B valuation — double its Series E valuation from last August — in a round co-led by Andreessen Horowitz and Bessemer Ventures. The company automates administrative work for US housing and healthcare operators, says its software runs in 1 in 6 US apartments, and reported passing $200M ARR this summer. Earlier this month it launched an in-platform AI "teammate" called Apollo that acts across leasing, maintenance and renewals roles, per co-founder and CEO Minna Song.

Why: The concrete signal here is not the round size but the $200M ARR attached to a narrow vertical back-office agent, plus a distribution detail — 1 in 6 US apartments. If you are building an AI agent product, this is evidence that owning a specific operational workflow (leasing, insurance verification, scheduling) and selling into companies that already have that pain beats a generic horizontal assistant. There is no Malaysia or SEA element in this item, so it should not be framed as local news.

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