TBPN · Sep 30, 2026
With Minna Song, Co-founder and CEO of EliseAI
EliseAI has raised $350 million and passed $200 million in annual recurring revenue this year, Minna Song said, selling AI software to landlords and healthcare providers.
Most AI startups chase many industries at once. Song said EliseAI has stuck to two, housing and healthcare, because the problems and the underlying technology are the same in both.
"I think our TAM is huge."
Minna Song, co-founder and chief executive of EliseAI, on TBPN, started the company in 2017, when few of her customers knew what AI stood for.
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Here are the 5 takeaways that matter.
Key Takeaways
EliseAI raised $350 million and passed $200 million in annual recurring revenue this year
20% of the US apartment market already uses some of its products, Song said
Chat makes AI easier to adopt than old software, because staff talk to it instead of learning menus
Housing and healthcare make up about 40% of US GDP, and EliseAI serves both on one platform
Starting in 2017 was early but right, she said, because it warmed up a slow-moving market
1. $350M and $200M ARR
"We did. We raised 350,000,000." — Minna Song
"We passed 200,000,000 ARR earlier this year." — Minna Song
The growth comes from serving more customers in housing and healthcare, she said, and from building new products as fast as possible because those industries have so many problems to solve.
