AI proptech startup EliseAI is in talks to raise a new round of funding at a $3.7 billion valuation

Aug 18, 2026 06:34 AM - 1 hour ago 7

The latest multi-billion dollar AI startup isn't for penning codification aliases generating images. It's for answering your landlord.

New York-based spot and lodging guidance institution EliseAI is successful talks to raise a caller information of backing astatine a $3.7 cardinal valuation, including $300 cardinal successful financing.

Andreessen Horowitz and Bessemer Venture Partners are successful talks to lead the round, according to sources acquainted pinch the round. The specifications are still being finalized, and the numbers could still change.

EliseAI, Andreessen Horowitz, and Bessemer Venture Partners didn't respond to a petition for comment.

It's the latest motion that investors are betting AI tin thief automate mundane business operations. Founded successful 2017, the startup sells AI assistants to lodging operators. The institution uses AI to automate connection and operations successful existent estate, specified arsenic flat circuit requests, assignment scheduling, and attraction requests from tenants and owners.

Elise AI's chatbot automates these interactions, freeing up clip for guidance teams. The tech is besides being utilized by customers successful the healthcare manufacture for managing invoices and bills, arsenic good arsenic diligent appointments.

The institution past raised $250 cardinal astatine a $2.2 cardinal valuation successful August of 2025 from Andreessen Horowitz, Bessemer, and Sapphire Ventures. In early 2025, EliseAI besides deed $100 cardinal successful ARR, the predictable gross a institution expects to make complete a twelvemonth from subscriptions aliases recurring contracts.