Total amount raised
$141.9 Millions
Latest funding date
8/1/2024
Location
EliseAI has successfully raised $140 million over multiple funding rounds, with the latest being a Series D. The company specializes in developing conversational AI solutions for property management and healthcare, aiming to enhance operational efficiency and customer service.
Keep reading to explore the intricacies of EliseAI's fundraising journey and the investors backing this innovative platform.
What Is EliseAI?
EliseAI, founded in 2017 by Minna Song and Stoyan Stoyanov, is headquartered in New York, New York. The company specializes in developing AI-powered automation solutions for property management and healthcare industries. EliseAI employs between 101-250 people, focusing on enhancing operational efficiency and customer service through advanced conversational AI technologies.
How Much Funding Has EliseAI Raised?
- Seed Round
- Amount Raised: $1.9M
- Date: March 2019
- Lead Investors: Golden Seeds
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial version of their AI platform and validate the market need.
- Series A
- Amount Raised: $6.5M
- Date: July 2020
- Lead Investors: Navitas Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the team and enhance the AI capabilities of their platform.
- Series B
- Amount Raised: $23.5M
- Date: July 2021
- Lead Investors: Navitas Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and develop new features for property management.
- Series C
- Amount Raised: $35M
- Date: June 2023
- Lead Investors: Point72 Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enter the healthcare market and further enhance their AI solutions.
- Series D
- Amount Raised: $75M
- Date: August 2024
- Lead Investors: Sapphire Ventures
- Valuation at Round: $1 billion
- Motivation Behind the Round: To expand operations, invest in product innovation, and build industry partnerships.
Total Amount Raised: $141.9M. Current Valuation: $1 billion.
Key Investors
- Sapphire Ventures
- Details: Sapphire Ventures is a global venture capital firm with over $10 billion in assets under management. They focus on scaling companies and venture funds, particularly in the software sector.
- Investment Focus Areas: B2B software companies.
- Notable Investments: 23andMe, Box, LinkedIn.
- Navitas Capital
- Details: Navitas Capital is a venture capital firm focused on technology and innovation in the real estate and construction sectors. They have a deep understanding of the real estate and construction technology landscape.
- Investment Focus Areas: Real estate technology, construction technology, energy efficiency.
- Notable Investments: Matterport, PlanGrid.
- Point72 Private Investments
- Details: Point72 Private Investments is the private investment arm of Point72 Asset Management. They focus on venture capital and growth equity investments across diverse sectors.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: Uber, Airbnb.
- DivcoWest Ventures
- Details: DivcoWest Ventures is a venture capital firm that invests in technology companies transforming the built environment. They focus on technology-driven transformation.
- Investment Focus Areas: Real estate technology, property management, construction technology.
- Notable Investments: WeWork, Opendoor.
- Koch Real Estate Investments
- Details: Koch Real Estate Investments is the real estate investment arm of Koch Industries. They focus on transformative real estate projects and have expertise in real estate investment and management.
- Investment Focus Areas: Real estate development, property management, technology.
- Notable Investments: Katerra, Industrious.
What's Next for EliseAI?
EliseAI stands at the cusp of significant growth, with opportunities to revolutionize customer interactions in both the housing and healthcare sectors. The company’s AI solutions are already serving millions of rental units and handling a vast majority of patient inquiries, showcasing the potential for further expansion and innovation.
Future fundraising rounds seem likely as EliseAI continues to scale its operations and enhance its technology. The backing of major investors like Sapphire Ventures and Navitas Capital positions the company well for continued financial support. However, challenges such as maintaining compliance with industry regulations and managing operational complexities in essential industries will require careful navigation.
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