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Investing.com -- Enterprise software maker EliseAI has secured $250 million in Series E funding to expand its automation tools for the healthcare and housing industries, according to Reuters.
The funding round, led by venture capital firm Andreessen Horowitz with participation from Bessemer Venture Partners and existing investors including Sapphire Ventures, values the company at over $2.2 billion. This represents a doubling of the company’s valuation from approximately a year ago.
The New York-based company, which develops artificial intelligence solutions to automate customer service and operations, reported that it surpassed $100 million in annual recurring revenue earlier this year.
CEO Minna Song said the fresh capital will be used to drive product innovation and double the company’s workforce over the next year. EliseAI currently employs about 300 people and plans to hire across its offices in New York, San Francisco, Boston and Chicago.
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