EliseAI Raises $75M in Series D, Becomes NYC’s Latest Unicorn

Author

Slice of Real Estate Team
August 16, 2024

Key Highlights:

  • EliseAI secures $75M in Series D funding, led by Sapphire Ventures, reaching a valuation of over $1 billion.

  • Company expands AI solutions across housing and healthcare, driving operational efficiency and customer engagement.

  • Notable clients include Bozzuto, AvalonBay, Equity Residential, with significant growth in annual recurring revenue.

Source (Business Wire)

Notable Quotes:

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“We are committed to improving how these industries operate, making them more sustainable and accessible. We are excited to partner with the Sapphire Ventures team given their track record of working with B2B software companies to achieve extraordinary success.”

Minna Song, Co-Founder and CEO at EliseAI
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“EliseAI’s multimodal AI platform has revolutionized customer interactions in the housing industry. I am thrilled to partner with Minna, Tony, and their team as they continue to transform the housing industry.”

Cathy Gao, Partner at Sapphire Ventures

Our Take:

EliseAI’s latest funding round underscores the growing importance of AI-driven solutions in essential industries like housing and healthcare. By focusing on operational efficiency and customer engagement, EliseAI is not just automating processes but also elevating the standard of service across these sectors. The company’s impressive client list and rapid growth trajectory highlight its pivotal role in shaping the future of these industries. As EliseAI continues to expand its innovative offerings, it is poised to set new benchmarks for AI application in both housing and healthcare, driving sustainability and accessibility.