EliseAI Completes $350 Million Financing, Led by a16z and Bessemer

AI real estate technology company EliseAI has completed a new round of financing totaling $350 million, achieving a valuation of $4 billion. Andreessen Horowitz (a16z) and Bessemer Venture Partners co-led the round, with existing investors Sapphire Ventures and Navitas Capital participating. This marks the fourth investment from a16z and Bessemer since 2023, just about 13 months after its previous $250 million Series E financing. EliseAI's software primarily offers automated leasing, tenant services, maintenance requests, and lease renewals, covering approximately one-sixth of apartments across the United States. The new funding will be used for product development and to expand EliseAI's engineering, deployment, and sales teams in North America.

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