EliseAI, the artificial intelligence company that automates back-office work for landlords and health systems, has raised $350 million at a $4 billion valuation, the company told Fortune, nearly doubling its valuation from just over a year ago. The funding round was co-led by existing investors Andreessen Horowitz (a16z) and Bessemer Venture Partners, as well as
For elite students, college has never looked like a worse deal. Tuition is nearly half a million dollars, AI is threatening to destroy the entry-level jobs a degree used to guarantee, and now in the hottest industry—tech—it’s cool to skip school entirely. So on Tuesday, Andreessen Horowitz became the first venture capital firm to sell
Benchmarking has become the industry norm for how AI companies validate their models’ capabilities and, when the metrics swing in their favor, stand out from competitors and advertise their superiority. In other words, good benchmarks pretty much always mean good PR. Unfortunately, companies have also figured out how to outwit legacy benchmarking systems — many
It used to be that Vijay Pande was better known in academic circles than investor circles. That changed pretty abruptly a dozen years ago, when Marc Andreessen and Ben Horowitz — who’d spent their firm’s first five years explicitly avoiding healthcare and life sciences — decided the category was worth betting on after all and
Andreessen Horowitz has launched a new “Machine Age” fund with $1.1 billion raised. The firm’s aim with the new fund is to “open the throttle and accelerate the physical buildout of AI.” The fund will focus on hardware, bucking the firm’s typical focus on the scaling power of software. In a post on the venture
The latest multi-billion dollar AI startup isn’t for writing code or generating images. It’s for answering your landlord. New York-based property and housing management company EliseAI is in talks to raise a new round of funding at a $3.7 billion valuation, including $300 million in financing. Andreessen Horowitz and Bessemer Venture Partners are in talks
