ElevenLabs Raises $500M at $11B Valuation as AI Voice Company Triples Worth in One Year
Summary
AI voice company ElevenLabs raises $500 million in Series D funding led by Sequoia Capital, reaching an $11 billion valuation that triples its worth from just one year ago, as the company reports over $330 million in annual recurring revenue from major enterprise clients including Deutsche Telekom and Square.
Key Points
- ElevenLabs raises $500 million in Series D funding led by Sequoia Capital, valuing the AI voice company at $11 billion and more than tripling its valuation from one year ago
- The company closes 2025 with over $330 million in annual recurring revenue, driven by enterprise clients like Deutsche Telekom, Square, Ukrainian Government, and Revolut using its voice AI platforms
- ElevenLabs plans to use the funding to expand its ElevenAgents conversational AI platform, strengthen research in emotional AI models, and grow internationally across 15 cities worldwide