EliseAI, an artificial intelligence platform focused on housing and healthcare, raised $75 million in a Series D funding round.

Currently, the mentioned company’s market capitalization is more than $1 billion.

Minna Song, co-founder and chief executive officer of EliseAI, says that essential industries such as housing and healthcare are facing serious operational challenges and financial strain. According to her, the specified company, based in New York, aims to improve the situation by making the mentioned industries more sustainable and accessible. The relevant goal of the firm is set out in a press release that was published on Thursday, August 15.

EliseAI is the largest artificial intelligence company in the housing area, serving millions of rental units across the United States and helping renters communicate with their property managers.

The firm’s products include LeasingAI, which manages prospects for property managers, and ResidentAI, which handles communications.

Last year, EliseAI entered the healthcare market with its HealthAI offering. This offer automates non-clinical tasks such as patient conversations, appointment scheduling, and billing and payments.

It is worth noting that during the period of active development and spread of artificial intelligence, the issue of cybersecurity is of particular importance. Scammers also have access to AI, which makes their activities more sophisticated and difficult in terms of detection. In the context of this problem, the personal awareness of users is important. For example, a query in an Internet search engine, such as how to know if my camera is hacked, will allow anyone to get information about signs of unauthorized access to the device.