Minna Song, CEO of EliseAI
Minna Song, CEO of EliseAI
  • EliseAI has raised $75 million in Series D funding at a unicorn valuation.
  • The fundraise means the New York startup has hit a unicorn valuation, its CEO said.
  • Check out the pitch deck it used to secure the fresh funding.

New York AI startup EliseAI announced Wednesday it had raised $75 million in Series D funding.

The startup, founded in 2017, sells housing operators AI assistants, which automate the communication and operations required within real estate, such as apartment tour requests and maintenance requests.

CEO and cofounder Minna Song told Business Insider the funding meant EliseAI now had a unicorn valuation.

Song told BI that she cofounded the company because the housing sector "suffers from inefficient technology, and this cost is absorbed by us consumers."

EliseAI has also expanded to serve healthcare providers by automating non-clinical tasks such as scheduling patient appointments and handling billing and payments.

On the housing front, the startup makes money by charging based on the size of someone's portfolio and the products that they purchase, Song said. "We have a leasing AI, a resident AI, and we charge per building," she added.

Song said that, in healthcare, its AI agent largely automates calls and charges either per call or per provider.

The Series D was led by Sapphire Ventures, with participation from existing investors Navitas Capital, Point72 Private Investments, Divco West, and Koch Real Estate Investments.

Song said the company would use the fresh funding to grow its head count — bolstering its engineering talent — and invest in product development.

Check out the pitch deck it used to secure the capital.

EliseAI
EliseAI
EliseAI
EliseAI
EliseAI
EliseAI
EliseAI
Read the original article on Business Insider