EliseAI, the artificial intelligence company that automates back-office work for landlords and health systems, has raised $350 million at a $4 billion valuation, the company told Fortune, nearly doubling its valuation from just over a year ago.
The funding round was co-led by existing investors Andreessen Horowitz (a16z) and Bessemer Venture Partners, as well as new investor Ontario Teachers’ Pension Plan, with participation from existing investors Sapphire Ventures and Navitas Capital. It marks the fourth time EliseAI has raised capital from the two VC firms since 2023, and comes roughly 13 months after the company’s $250 million Series E valued it at $2.2 billion.
