EliseAI raised $350 million at a $4 billion valuation, up from $2.2 billion 13 months earlier, with a16z and Bessemer co-leading again. On reported recurring revenue above $200 million, that is about 20 times sales, close to the multiple on its last round.
Perspective Coverage
10 publishers
- Builder
- Builder 22%
- Operator
- Operator 33%
- Investor
- Investor 45%
Reality
- Evidence60
- Adoption60
- Hype gap+10
- Incentives70
- Confidence65
EliseAI raised $350 million at a $4 billion valuation, double its Series E price last August, in a round co-led by Andreessen Horowitz and Bessemer. Landlords and clinics using it now deal with a vendor funded to automate more of their operations.
Reality
- Evidence55
- Adoption62
- Hype gap+15
- Incentives60
- Confidence60
A $500 million round at a rumoured $12 billion would be 2.4 times February's mark. The numbers underneath it are company-reported and six months old.
Reality
- Evidence40
- Adoption55
- Hype gap+30
- Incentives60
- Confidence45
Wingman probes the running app the moment a coding agent says a feature is done, then sends the findings back to that same agent to patch. StackHawk reports more than 7,000 fixes in early access, 98% of them holding.
Reality
- Evidence32
- Adoption22
- Hype gap+30
- Incentives80
- Confidence45
Lightspeed co-led a $550 million Series E on September 14th, seven months after Temporal's $5 billion Series D. The operating metrics behind the markup are Temporal's own: 4,300 paying customers and 1.9 trillion billable actions in August.
Reality
- Evidence45
- Adoption62
- Hype gap+22
- Incentives78
- Confidence52
The $15.5 billion price works out near 39 times annual recurring revenue above $400 million, and it rests on a margin claim Harvey has not quantified: that tuning Kimi K3 beats paying OpenAI per call.
Reality
- Evidence32
- Adoption61
- Hype gap+30
- Incentives74
- Confidence42
The $15.5bn valuation is 38.75 times the $400m of annual recurring revenue Harvey disclosed, and the in-house model meant to defend that price is post-trained on a Beijing lab's open weights rather than on backer OpenAI's.
Reality
- Evidence38
- Adoption62
- Hype gap+34
- Incentives72
- Confidence44
The $550mn round at $15.6bn gets the attention, but Harvey's fourth acquihire of the year bought a team whose product is testing how agents behave across a long run nobody watched. That is the part a buyer can use.
Reality
- Evidence45
- Adoption66
- Hype gap+20
- Incentives78
- Confidence48
A reported $500 million round at a pre-money floor of at least $12 billion reprices a two-decade systems bet. Teams already running workflows on it should treat this as a procurement event.
Reality
- Evidence55
- Adoption66
- Hype gap+27
- Incentives70
- Confidence54
A reported $300mn round would reprice the apartment-leasing agent company at 1.7x last August's valuation. Nothing is signed, and everyone involved declined to comment.
Reality
- Evidence32
- Adoption38
- Hype gap+30
- Incentives72
- Confidence45
A reported $300M round at 68% over August's price values a tenant-texting workflow tool at more than half the property management software market it sells into.
Reality
- Evidence28
- Adoption48
- Hype gap+34
- Incentives66
- Confidence41