Western Alliance Bank Increases EliseAI’s Line of Credit to $30 Million to Support Company’s Growth
NEW YORK — Western Alliance Bank today announced that its Innovation Banking Group increased EliseAI’s line of credit from $15 million to $30 million to support the company’s continued growth.
New York-based EliseAI is dedicated to building the world’s most advanced conversational artificial intelligence platform with a focus on rental housing and health care. The company enables businesses to improve and automate communications with their customers, transforming the industries it serves and improving services fundamental to the lives of all consumers.
“We appreciate EliseAI’s commitment to innovation and excellence,” said Roger Klarmann, senior vice president in Western Alliance Bank's Innovation Banking Group. “Western Alliance Bank provides banking solutions to foster growth in cutting-edge technologies, and this extended line of credit reflects our confidence in EliseAI’s capabilities and goals.”
“Securing this larger line of credit is an important milestone for the company,” said Minna Song, CEO of EliseAI. “We are gratified by the confidence Western Alliance Bank has placed in our vision and capabilities. We are excited to invest in our business to continue to accelerate our growth, push into new markets, and improve fundamental industries through pioneering advancements in artificial intelligence.”
Western Alliance Bank's Innovation Banking Group supports innovation companies at all stages of their life cycles with customized banking services and credit solutions to help them navigate the rapidly changing environment.
About EliseAI
EliseAI is a technology company based in New York City dedicated to building the most advanced conversational artificial intelligence platform in the world, enabling enterprises to achieve new levels of automation and customer service. To learn more, visit www.eliseai.com.
Innovation Banking
Western Alliance Bank’s Innovation Banking Group, a national banking group within Western Alliance Bank, Member FDIC, delivers flexible financial solutions custom-built for innovation companies at every stage of growth to empower success in any economy. The group includes the Life Sciences Team, Fund Banking Team and the Innovation Startup Banking Team, providing essential support for various sectors within the innovation economy. Clients nationwide benefit from the Innovation Banking Group’s deep industry knowledge, commitment to customer relationships and exceptionally responsive service. The Innovation Banking Group is part of Western Alliance Bancorporation, which has more than $85 billion in assets. Major accolades include being ranked as a top U.S. bank in 2024 by American Banker and Bank Director.