EliseAI Raises $75M for AI-Powered Property Management Chatbots

EliseAI, a company developing AI tools for landlords, secured $75 million in Series D funding, bringing its valuation to $1 billion.

• Founding Story: EliseAI was co-founded by Minna Song and Tony Stoyanov. Song’s experience in real estate revealed inefficiencies in rental communication, prompting them to develop AI tools that automate tasks for landlords.

• How EliseAI Works: EliseAI’s chatbots handle tasks like scheduling apartment tours, responding to maintenance requests, and processing lease renewals. The AI is trained on internal data, with automated systems that escalate more complex requests to human agents when needed.

• Additional Features: EliseAI also offers property managers a dashboard to monitor requests, generate reports, and manage renewals. These tools are included with their AI products, offered via a subscription model.

• Key Investors: Sapphire Ventures led the funding round, with participation from Point72 Private Investments, Divco West, Navitas Capital, and Koch Real Estate Investments.

• Future Plans: EliseAI is expanding into healthcare with its HealthAI platform, which tackles administrative tasks in clinics, competing with companies like Hyro.

With this new funding, EliseAI is set to enhance its property management services while expanding into new sectors.