When most people see the letters AI, they think future. But EliseAI is out here doing the unthinkable, making the present look prehistoric. And with a fresh $75 million Series D led by Sapphire Ventures, they’re not asking for permission to scale. They’re pulling receipts, stacking results, and letting the product do the talking.
Let’s rewind. In 2017, Minna Song was working as an administrative assistant at a New York City real estate firm, surrounded by fax machines that needed a mercy killing and inboxes with more ghosts than answers. She didn’t just see inefficiency. She saw opportunity. So she teamed up with Stoyan (Tony) Stoyanov, a Cambridge-educated technologist she co-founded another company with, and built what became EliseAI, an enterprise-grade conversational AI engine custom-fit for housing and healthcare.
Fast forward to now: They’re automating over 90% of leasing workflows. That’s not SaaS, that’s a system shift. From multifamily to single family to student housing, EliseAI is now powering communications in 1 out of every 12 apartment units across the U.S., handling over 30 million conversations, and delivering numbers that make most CRMs feel like rotary phones. Resident engagement up 40%. Delinquencies down 50%. Tours skyrocketing 125%. And yep, a 2% boost in occupancy rates, when the market average is stuck in neutral.
With their recent expansion into healthcare, EliseAI’s Health AI unit is chasing an industry that’s both bloated and broken. HIPAA-compliant, SOC2 certified, and ready to clean house, starting with wait times, billing black holes, and the world’s least efficient appointment scheduling systems.
Back to the money. Sapphire Ventures leads this round with continued backing from Navitas Capital, Point72 Private Investments, DivcoWest Ventures, and Koch Real Estate Investments. When that crew re-ups, it’s not faith, it’s performance. And performance is how you end up with over $141.9 million raised and a brand-new unicorn valuation.
Now add new offices in San Francisco and Chicago, partnerships with Zillow Rentals and Engrain, and a product roadmap that reads like a playbook for domination. EliseAI isn’t trying to be cute. They’re building vertical-specific AI that speaks your language, literally, with 7 voice and 51 written languages supported, and knows your workflows better than your own team.
