EliseAI Hits $200M ARR After Five Consecutive Years of 100% Growth Across Housing and Healthcare
EliseAI Hits $200M ARR After Five Consecutive Years of 100% Growth Across Housing and Healthcare
One in six apartments in the U.S. now runs on EliseAI
NEW YORK--(BUSINESS WIRE)--EliseAI, the AI company automating complex housing and healthcare systems, today announced it passed $200 million in annual recurring revenue (ARR), achieving 100% year-over-year growth for the fifth consecutive year.
One in six apartments in the U.S. now runs on EliseAI
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Housing and healthcare together account for more than 40% of the average American household budget. Both industries have been underserved by technology relative to their size and complexity. Automating them at scale requires state-by-state compliance, deep workflow integration, and edge-case handling that general-purpose tools cannot deliver. EliseAI has been building inside that complexity in close partnership with operators, becoming core to how they run their properties and practices.
“The industries where AI matters the most are not the ones getting the most attention,” said Minna Song, co-founder and CEO of EliseAI. “We started in housing, and then expanded to healthcare, because we believed AI could fundamentally change how essential industries operate. Five years of 100% growth at this stage is rare, and it happens when the problems are real and the product becomes more valuable the deeper it is embedded.”
EliseAI powers one in six apartments in the United States, automating the entire resident journey — from answering leasing inquiries and handling maintenance requests to following up on renewals. In healthcare, it supports patients by scheduling appointments, guiding them through intake forms, and reducing time spent waiting.
The need is most acute where the margin for error is lowest. Affordable housing providers, operating under the tightest financial constraints and serving residents with the fewest alternatives, are increasingly turning to EliseAI because operational consistency is not optional when staffing is lean and residents depend on every part of the system working. It is one of the places where AI can have the most tangible impact on people's lives.
"Affordable housing operators have always had to do more with less," said Joshua Greenblatt, Managing Principal at Vesta Corporation. "The compliance requirements are strict, the teams are lean, and the residents we serve often have no safety net if something falls through the cracks. EliseAI takes on the routine work that used to bottleneck our staff, so our teams can spend their time on the people, not the paperwork. For an industry that technology largely bypassed for decades, that shift is real — and it matters."
Healthcare administrative costs total in excess of $600 billion annually in the U.S., $150 billion of that attributable to missed appointments alone, driven by excessive manual tasks, fragmented systems, and chronic underinvestment in technology. EliseAI is tackling the problem at the point of highest friction: front-desk and call center operations. Its platform handles complex workflows including multi-step scheduling, prior authorizations, patient intake, and nuanced clinical inquiries, accurately, compliantly, and empathetically, cutting overhead by up to 25%, slashing wait times, and reducing abandoned calls.
As a result, EliseAI is increasingly where the patient experience begins. For practices facing staffing shortages and rising call volumes, the company is moving beyond task automation to become a core layer of healthcare operations.
“EliseAI’s growth shows what it takes to build vertical AI at scale: deep domain expertise, workflow-level product insight, and clear customer ROI,” said Alex Immerman, partner, a16z Growth. “Today’s news reflects EliseAI’s real impact on their customers' bottom lines and sets the stage for continued growth.”
About EliseAI
EliseAI transforms complex housing and healthcare systems. By deeply integrating into workflows and automating operations, it makes them efficient and cuts costs for all. Its platform helps property managers handle leasing, maintenance and resident engagement. EliseAI replaces fragmented tools with one integrated system that reduces manual work and improves accessibility and experience for residents and patients alike. The company is based in New York with offices in San Francisco, Boston, Chicago and Toronto and is actively hiring across all locations. To learn more, visit www.eliseai.com/careers.
