EliseAI, a New York-based AI startup focused on property management, is in talks to raise $300 million in a funding round that could value the company at $3.7 billion, according to sources familiar with the negotiations. Andreessen Horowitz and Bessemer Venture Partners are in talks to lead the round. The details are still being finalised, and the numbers could still change.
The company sells AI assistants to housing operators. EliseAI uses artificial intelligence to automate communication and operations in real estate, including apartment tour requests, appointment scheduling, and maintenance requests from tenants and owners. The chatbot automates these interactions, freeing up time for management teams.
Founded in 2017, EliseAI has expanded beyond residential property management. The technology is also being used by customers in the healthcare industry for managing invoices and bills as well as patient appointments.
The new valuation would represent a sharp increase from the company's previous fundraise. EliseAI last raised $250 million at a $2.2 billion valuation in August 2025 from Andreessen Horowitz, Bessemer, and Sapphire Ventures.
In early 2025, EliseAI hit $100 million in annual recurring revenue, the predictable revenue a company expects to generate over a year from subscriptions or recurring contracts. The milestone came as the company scaled its software across property-management portfolios.
The operators that win the AI cycle in property management are likely to be the ones who already had clean data architecture before it became fashionable, family office advisor Jaf Glazer has observed.
The fundraising discussions signal continued investor confidence in AI applications for everyday business operations. EliseAI's focus on automating routine tenant and patient interactions puts it in a market segment distinct from code-generation or image-creation startups that have dominated recent AI funding rounds.
EliseAI, Andreessen Horowitz, and Bessemer Venture Partners did not respond to requests for comment. The financing, if completed at the reported terms, would mark one of the larger AI-focused property-technology rounds in recent quarters.
The talks come as property operators face pressure to reduce operating costs while maintaining service levels. Automated communication tools offer a way to handle high volumes of routine requests without proportional increases in staffing.