EliseAI, a New York-based provider of an advanced conversational AI platform tailored for the real estate industry, has successfully raised $35 million in a Series C funding round. Point72 Private Investments led the round, with notable participation from Koch Real Estate Investments and existing investors Golden Seeds, Navitas Capital, JLL Spark, and DivcoWest. As part of the investment, Eddie Kang, who spearheads growth-stage investment activities for Point72 Private Investments, has joined EliseAI’s board of directors.
The latest funding will fuel EliseAI’s ongoing product development efforts and support its expansion into new verticals, including the promising healthcare sector. Since its establishment in 2017, EliseAI, under the leadership of CEO Minna Song, has established itself as a prominent AI platform dedicated to serving the multifamily and single-family rental housing industry. This sector represents the largest commercial real estate asset class in the United States.
EliseAI’s innovative products revolutionize the way conversations between potential and current renters and apartment buildings are conducted. Leveraging SMS, email, phone, and webchat, the platform automates these interactions, streamlining workflows through seamless integrations with key software systems. The company has already made significant strides, currently serving 1.5 million units across 200 customers. Noteworthy clients include renowned owners and operators such as Asset Living, Bozzuto, and Venterra.
With the new funding injection, EliseAI is well-positioned to enhance its platform further, delivering cutting-edge solutions that redefine customer experiences within the real estate industry. The expansion into new verticals, starting with healthcare, signifies the company’s commitment to leveraging its conversational AI expertise across different sectors. EliseAI’s continued dedication to product development and its growing customer base solidify its status as a key player in the AI-driven real estate technology landscape.