EliseAI, a company founded in 2017 by Minna Song and Tony Stoyanov, has made significant waves in the world of proptech and healthcare with its innovative AI solutions. The company’s AI assistant, used by 70% of the top rental housing operators in the U.S., has automated communication and daily operations for property managers, resulting in remarkable growth and success.
EliseAI’s AI platform offers a comprehensive suite of tools for property management, including LeasingAI, ResidentAI, and EliseCRM. These tools help in managing prospects, handling resident communications, and serving as a central hub for prospect and resident information. The company’s multi-modal approach, which includes interactions via email, SMS, webchat, and voice, sets it apart from others in the industry.
In addition to its success in proptech, EliseAI has ventured into the healthcare sector with its HealthAI offering. This AI solution automates non-clinical tasks such as patient conversations, appointment scheduling, and billing. The system is fully compliant with HIPAA regulations and boasts an impressive handling rate for patient inquiries, operating around the clock with no wait times.
Impressive Growth Trajectory
Since its Series C round last year, EliseAI has seen its Annual Recurring Revenue (ARR) increase by more than 2.5 times. The company’s AI assistant has helped customers decrease overdue payments by 50%, resulting in cost savings and improved efficiency. EliseAI’s unique VoiceAI capability has been particularly lauded for its effectiveness in enhancing communication with renters and residents.
EliseAI recently announced a $75 million Series D funding round led by Sapphire Ventures, valuing the company at more than $1 billion and solidifying its position as a unicorn in the industry. The fresh capital will be used to expand the company’s team, drive product innovation, and strengthen industry partnerships. With over 130 employees at its New York City headquarters, EliseAI is actively hiring across various departments to support its continued growth and expansion.
As one of the few vertical-focused AI companies operating at scale, EliseAI is well-positioned to capitalize on the growing demand for AI solutions in the housing and healthcare industries. The company’s success underscores the potential for AI to transform traditional industries, improve efficiency, and address critical operational challenges. With its revolutionary AI technology and substantial funding, EliseAI is poised for continued innovation and growth in the years to come.
EliseAI’s journey from a real estate tech startup to a powerhouse in both proptech and healthcare demonstrates the transformative power of AI in revolutionizing communication, operations, and customer interactions. With its cutting-edge AI solutions and strategic partnerships, EliseAI is leading the way in paving a new path for the future of technology in traditional industries.
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