EliseAI Raises $350M at $4B Valuation

EliseAI, which automates back-office work for landlords and health systems, raised $350 million at a $4 billion valuation, nearly doubling its $2.2 billion valuation from 13 months ago. Andreessen Horowitz and Bessemer co-led with Ontario Teachers' Pension Plan. The company surpassed $200 million in annual recurring revenue in June and powers roughly one in six U.S. apartments.