a16z-backed EliseAI raises $350M, doubles valuation to $4B

In Brief

AI startup EliseAI announced connected Tuesday that it has raised $350 cardinal astatine a $4 cardinal valuation, treble what it was worthy erstwhile it raised its Series E past August.

This latest circular was co-led by Andreessen Horowitz and Bessemer Ventures. EliseAI, founded successful 2017, automates administrative and operational work for lodging and healthcare companies. It said its bundle is utilized by 1 successful 6 apartments crossed the state and announced this summertime it passed $200 cardinal successful ARR. 

Earlier this month, Elise announced the motorboat of an AI “teammate” called Apollo that helps with tasks wrong the EliseAI platform. “It’s built natively into the aforesaid level that already runs leasing, maintenance, and renewals,” co-founder and CEO Minna Song told TechCrunch. “So it tin enactment crossed each relation connected a spot team.” 

EliseAI besides helps automate the patient-related paperwork for specialty doc groups connected the healthcare side, “from the archetypal inbound telephone done referrals, scheduling, security verification, illustration prep, and follow-up, truthful thing falls done the cracks,” she said. The institution has targeted lodging and healthcare due to the fact that they are 2 of the “largest expenses for American households,” she said.

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