EliseAI Raises $35 Million in Series C Funding to Continue Revolutionizing the Real Estate Industry Through AI-Powered Automation

EliseAI, the premier conversational AI platform for real estate, announced its $35 million Series C fundraising round led by Point72 Private Investments, with participation from Koch Real Estate Investments and existing investors Golden Seeds, Navitas Capital, JLL Spark, and DivcoWest. In conjunction with the investment, Eddie Kang, who leads growth-stage investment activities for Point72 Private Investments, joins EliseAI’s board of directors.

AiThority: How Generative AI is Transforming Audio Content

“We started this company with the vision of using the most advanced technology to transform the industries fundamental to our lives”

Founded in 2017, EliseAI has become the largest and most sophisticated AI platform serving the multifamily and single-family rental housing industry, the largest commercial real estate asset class in the U.S. The company’s products automate conversations between potential and current renters and apartment buildings via SMS, email, phone, and webchat and automate workflows through integrations with key software systems. The company currently serves 1.5 million units across 200 customers, including leading owners and operators such as Asset Living, Bozzuto, and Venterra.

“We started this company with the vision of using the most advanced technology to transform the industries fundamental to our lives,” said Minna Song, Co-Founder and CEO of EliseAI. “We are incredibly proud of the change we have driven in the real estate industry over the last 6 years. We are thrilled to bring on new partners to enable us to continue to innovate and push into new markets.”

“We are incredibly excited to be partnering with EliseAI for the next step of their journey,” said Eddie Kang, partner at Point72 Private Investments. “We believe they have the right team, experience, and technology to bring cutting-edge conversational AI to the real estate industry and unlock a new era of business efficiency.”

Read: How AI NFTs Are Unlocking the Democratization of the Digital Economy

The funding comes amidst a long-term shift towards rental housing in the US, underpinned by a growing population, increasing migration to urban areas, and rising home prices. As rental housing serves increasingly young and tech-adept populations, there is a higher expectation for seamless tech-enabled experiences.

EliseAI has driven accelerated adoption of such tech-enabled experiences across the real estate industry and will use the funding for continued product development. The company also plans to expand into new verticals, such as healthcare.

Latest Insights: Why Only AI and Data Analytics Can Stop Financial Criminals

[To share your insights with us, please write to sghosh@martechseries.com]