Sept 29 (Reuters) – EliseAI said on Tuesday it had raised $350 million in a funding round that valued the AI company at $4 billion.
The funding round was led by Andreessen Horowitz and Bessemer Venture Partners, with participation from Ontario Teachers’ Pension Plan, Sapphire Ventures and Navitas Capital.
EliseAI develops AI tools to automate administrative workflows for housing and healthcare systems.
The company said it will use the funds to expand its engineering, deployment and sales teams and establish San Francisco as a second engineering hub alongside its New York headquarters.
(Reporting by Prakhar Srivastava in Bengaluru; Editing by Shreya Biswas)
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