EliseAI said Tuesday it raised $350 million in a funding round that valued the company at $4 billion. It plans to establish San Francisco as a second engineering hub alongside its New York headquarters. The company develops artificial intelligence tools for administrative workflows in housing and healthcare systems. Its announcement focuses on investment, staffing and where its engineering work will be based.
Funding and Investors
Andreessen Horowitz and Bessemer Venture Partners led the funding round. Ontario Teachers' Pension Plan, Sapphire Ventures and Navitas Capital also took part, according to EliseAI. The company announced the $350 million raise on Tuesday; the report was dated Sept. 29, 2026.
The stated valuation is $4 billion. EliseAI didn't provide further details in the report about the terms of the round or the amounts contributed by participating investors. The announcement names the lead investors and other participants, but doesn't describe their individual roles beyond those designations.
The new funds will support expansion of EliseAI's engineering, deployment and sales teams. The company also said it will establish San Francisco as a second engineering hub, while keeping its New York headquarters. The report offers no staffing totals, hiring targets or timetable for the expansion.
Housing and Healthcare Tools
EliseAI develops AI tools designed to automate administrative workflows for housing and healthcare systems. The company described those sectors as the areas its products serve. The report names no particular customers, identifies no specific workflows and doesn't quantify use of the tools in either sector.
The funding announcement ties the planned investment to team expansion and the additional engineering hub. It doesn't say how much of the $350 million will go to engineering, deployment or sales, or how much will support the San Francisco location. No separate budget for EliseAI's housing or healthcare work appears in the report.
The expansion plan names two engineering locations: New York, where EliseAI has its headquarters, and San Francisco, which it plans to establish as a second hub. The announcement doesn't describe changes to the New York headquarters or name other planned offices. It also gives no estimate of how many employees will work at either hub.
What the Announcement States
The report contains no figures on migration, population change, housing supply, employment outcomes or the effects of EliseAI's tools on access to housing or healthcare. It also provides no information about EU regulation, national border policy or public-sector contracts. Those subjects aren't included in the funding details.
The reported facts are the $350 million raise, the $4 billion valuation, the named investors, the company's stated purpose for the funds and its plan for a second engineering hub. EliseAI's planned expansion covers engineering, deployment and sales teams, while its products aim to automate administrative workflows in housing and healthcare systems.
Prakhar Srivastava filed the report in Bengaluru, and Shreya Biswas edited it. The report carries the date Sept. 29, 2026. EliseAI has identified San Francisco and New York as its engineering locations in the announcement, but hasn't provided further details about the size or schedule of the planned expansion.