NEW YORK —EliseAI, the industry’s leading conversational AI platform for real estate, said today that it has completed a USD 35 million Series C fundraising round. Koch Real Estate Investments and current investors Golden Seeds, Navitas Capital, JLL Spark, and DivcoWest participated in the deal, which Point72 Private Investments led. Eddie Kang, who oversees Point72 Private Investments’ growth-stage investment efforts, joins the board of directors of EliseAI in conjunction with the transaction.
EliseAI, founded in 2017, has grown to be the biggest and most advanced AI platform for the multifamily and single-family rental housing market, the largest asset class for commercial real estate in the United States. The company’s products streamline workflows by integrating with essential software programmes to automate discussions between prospective and present tenants of apartment complexes and those buildings over SMS, email, phone, and webchat. The business currently services 1.5 million units for 200 clients, including eminent proprietors and operators like Asset Living, Bozzuto, and Venterra.
According to Minna Song, co-founder and CEO of EliseAI, “We founded this company with the vision of using the most cutting-edge technology to transform the industries fundamental to our lives.” “Over the past six years, we have changed the real estate sector and are tremendously proud of it. We are happy to bring on additional partners to help us continue to innovate and expand into new markets.
Eddie Kang, partner at Point72 Private Investments, expressed his excitement about the company’s upcoming partnership with EliseAI. “We think they have the right team, experience, and technology to introduce state-of-the-art conversational AI to the real estate industry and open the door to a new era of business efficiency,” the authors write.
The investment coincides with a long-term transition in US housing towards rental, supported by population growth, increased emigration to cities, and rising home prices. There is a larger expectation for smooth tech-enabled experiences as rental housing serves more youthful and tech-savvy populations.
EliseAI has expedited the acceptance of such tech-enabled experiences in the real estate sector. With the money, the company will continue to expand its products. The business also intends to enter other industries, like healthcare.
EliseAI, a technology company headquartered in New York City, is developing the most cutting-edge conversational artificial intelligence platform. This platform will allow businesses to provide new automation and customer care levels.
We try our best to fact-check and bring well-researched as well as non-plagiarized content to you. Please let us know
-if there are any discrepancies in any of our published stories,
-how we can improve,
-what stories you would like us to cover and what information you are looking for, in the comments section below or through our contact form! We look forward to your feedback, and thank you for stopping by!
Next Article
