EliseAI raises $350 million at a $4 billion valuation

EliseAI, a U.S. startup, has raised $350 million in a round led by Andreessen Horowitz and Bessemer Venture Partners. The deal values the company at $4 billion, about twice its previous valuation. EliseAI develops software that uses AI to automate administrative work for housing and healthcare organizations, including the routine coordination needed to keep their operations moving. Its aim is to reduce manual work in recurring processes by putting AI into the systems organizations use to run their daily operations more efficiently each day.