ElevenLabs raises $500M at $11 billion valuation as Sequoia leads voice AI expansion

ElevenLabs raises $500M from Sequioia at a $11 billion valuation | TechCrunch

Voice AI company ElevenLabs said today it raised $500 million in a new funding round led by Sequoia Capital, which was an investor in the startup's last secondary round through a tender. Sequoia partner Andrew Reed is joining the company's board. The startup is now valued at $11 billion, more than three times its valuation in its last round in January 2025. Earlier in the year, the Financial Times reported that the startup was looking to raise at that valuation. The company said that existing investor a16z quadrupled its investment amount, and ICONIQ, which led the last round, tripled it. Some prior investors, like BroadLight, NFDG, Valor Capital, AMP Coalition, and Smash Capital, also joined the round. New investors for the funding included Lightspeed Venture Partners, Evantic Capital, BOND. ElevenLabs said that it will disclose some investors later in February, which might be strategic partners. The company has raised over $781 million to date. It said that it will use the funding for research and product development, along with expansion in international markets like India, Japan, Singapore, Brazil, and Mexico. The company's co-founder, Mati Staniszewski, indicated that ElevenLabs might work on agents beyond voice and incorporate video. In January, the company announced a partnership with LTX to produce audio-to-video content. "The intersection of models and products is critical - and our team has proven, time and again, how to translate research into real-world experiences. This funding helps us go beyond voice alone to transform how we interact with technology altogether. We plan to expand our Creative offering - helping creators combine our best-in-class audio with video and Agents - enabling businesses to build agents that can talk, type, and take action," he said in a statement. The company has seen good growth momentum as it closed the year at $330 million ARR. In an interview with Bloomberg earlier this year, Staniszewski said that it took ElevenLabs five months to reach from $200 million to $300 million in ARR. Voice AI model providers are an attractive target for investors and big tech companies. In January, rival Deepgram raised $130 million from AVP at a $1.3 billion valuation. Meanwhile, Google hired top talent from voice model company Hume AI, including CEO Alan Cowen.

ElevenLabs secures $11 billion valuation in latest funding round

Feb 4 (Reuters) - AI voice generation firm ElevenLabs said on Wednesday it had secured an $11 billion valuation after raising $500 million in its latest funding round, signaling strong investor enthusiasm for the startup's prospects. The latest round, led by Sequoia Capital, more than triples the company's $3.3 billion valuation from January 2025, when ElevenLabs raised $180 million. The Series D funding drew new investors, including Lightspeed Venture Partners and Evantic Capital, along with existing backers Andreessen Horowitz and ICONIQ. Founded by Piotr Dabkowski and CEO Mati Staniszewski in 2022, London-based ElevenLabs builds AI tools, including a platform that turns text into realistic speech. It plans to use proceeds from the funding to fuel its international expansion and further research on emotional conversational models and dubbing. The industry has seen a gush of investors racing to pump billions into AI firms, hoping to capitalize on the wider adoption of the disruptive technology across sectors. "We plan to expand our Creative offering...enabling businesses to build agents that can talk, type and take action," Staniszewski said in a statement. The funding comes as ElevenLabs benefits from the viral popularity of the OpenClaw ecosystem, where users integrate the company's voice models to build self-hosted personal AI agents. ElevenLabs generated over $330 million in annual recurring revenue in 2025. Staniszewski hopes to double that figure this year, he told the Wall Street Journal, which first reported the news. Reporting by Utkarsh Shetti and Akash Sriram in Bengaluru; Editing by Shreya Biswas Our Standards: The Thomson Reuters Trust Principles., opens new tab

Nvidia-backed AI voice startup ElevenLabs hits $11 billion valuation in fresh fundraise, as it eyes IPO

'We can create amazing experiences with big music labels', says ElevenLabs CEO Founded in 2022, the London-based company initially developed AI text-to-speech models, before expanding into areas such as speech-to-text, sound effects, dubbing, music and conversation. It sells products enabling enterprises to deploy voice and chat agents, as well as a platform for brands and creators to generate and localise audio, used by the likes of publisher Time and chip giant Nvidia. Tech giants like Meta and Salesforce use its voice infrastructure to develop products and experiences, ElevenLabs said. The company closed 2025 with over $330 million in annual recurring revenue, it said, driven by enterprise adoption by companies including Deutsche Telekom and Revolut. "This funding helps us go beyond voice alone to transform how we interact with technology altogether," said cofounder Mati Staniszewski in a statement, adding that the company was building towards an IPO. He added that the company intended to expand its offering to creators, "enabling businesses to build agents that can talk, type, and take action." ElevenLabs said it would continue international expansion. It has offices across Europe, as well as in Brazil, Mexico, India, South Korea, Japan and the U.S.

ElevenLabs raises $500M at $11 billion valuation led by Sequoia

Voice AI company ElevenLabs has raised $500 million in a new funding round led by Sequoia Capital, which also participated in the company's last secondary round through a tender offer. As part of the deal, Sequoia partner Andrew Reed is joining the company's board. The latest financing values ElevenLabs at $11 billion, more than three times the valuation it received in its previous funding round in January 2025. Earlier reporting indicated that the company had been targeting this valuation. Existing investor Andreessen Horowitz (a16z) increased its exposure in the company by quadrupling its investment, and Iconiq, which led the prior round, tripled its own commitment. Several previous backers returned for the new round, and a group of new investors also joined. ElevenLabs said that it plans to disclose additional investors later in February, noting that some of them may be strategic partners. With the new round, the company has raised more than $781 million to date. The company plans to use the capital for research and product development and to expand its presence in international markets including India, Japan, Singapore, Brazil, and Mexico. Co-founder Mati Staniszewski said ElevenLabs is considering products that extend beyond voice, including work that incorporates video. In January, the company announced a partnership with LTX to produce audio-to-video content. Staniszewski said in a statement that the company aims to connect model development and product execution by turning research into deployed experiences. He added that the new funding will support an expansion of ElevenLabs' Creative offering, which is intended to help creators combine its audio tools with video and agents, and to enable businesses to build agents that can talk, type, and take action. ElevenLabs ended the year with $330 million in annual recurring revenue. According to an earlier interview with Bloomberg, the company took about five months to grow from $200 million to $300 million in annual recurring revenue. Investor and industry interest in voice AI model providers has been strong. In January, rival Deepgram raised $130 million from AVP at a $1.3 billion valuation and acquired a Y Combinator-backed AI startup. Around the same time, Google hired talent from voice model company Hume AI, including its CEO Alan Cowen.

ElevenLabs raises $500 million at $11 billion valuation, WSJ reports

Voice-cloning AI startup ElevenLabs has secured ⁠an $11 billion valuation after raising $500 million in its latest funding round. The latest round more than triples the company's $3.3 billion valuation from January 2025, when ElevenLabs raised $180 ⁠million. Voice-cloning AI startup ElevenLabs has secured ⁠an $11 billion valuation after raising $500 million in its latest funding round, the Wall Street Journal reported on Wednesday. The company generated $330 million in annual recurring revenue last year, with hopes to double that figure this year, CEO Mati Staniszewski told the Journal. The latest round more than triples the company's $3.3 billion valuation from January 2025, when ElevenLabs raised $180 ⁠million. The Series ⁠D funding was led by Sequoia Capital, the Journal said on Wednesday.

ElevenLabs Lands $500 Million to Expand AI Voice Platform | PYMNTS.com

By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions. The funding round was led by Sequoia Capital, with participation from Andreessen Horowitz and Iconiq Capital. Earlier last week, PYMNTS reported that the startup raised $180 million in a Series C funding round. Founded in 2022 and based in London, ElevenLabs specializes in generative AI voice and speech-synthesis technologies that produce highly realistic voice output for a range of applications, including conversational agents, customer service automation and content creation. The company first gained attention for its ability to generate nuanced, human-like audio from text input and has rapidly expanded its product suite to include voice agents and AI music generation tools. ElevenLabs' latest funding round marks a significant increase in valuation compared with previous raises. The company has also broadened its customer base to include major corporations and government entities, according to a Wednesday report by the Wall Street Journal (WSJ). The startup's AI voice systems are being used by companies such as Deutsche Telekom and Deliveroo, where they support functions like customer support automation and employee onboarding, according to the WSJ. The government of Ukraine has also employed its tools in educational and public engagement initiatives. The funding follows a period of scrutiny and controversy earlier in ElevenLabs' history. After its 2023 product launch, some voice actors and industry groups criticized the technology for its potential to clone voices without consent, and the company faced legal challenges over misuse of its tools. In response, ElevenLabs has pursued licensing agreements with public figures and celebrities, including actor Michael Caine, whose voice has been officially licensed for use in generative applications, and Matthew McConaughey, who has worked with the company to translate his voice into Spanish for distribution. ElevenLabs has also developed a voice licensing marketplace that allows brands and rights holders to license iconic voices for authorized use, the WSJ reported. The company recently expanded into AI music generation, releasing a collaborative album designed to showcase its audio technologies. The executive leadership said the new funding will support continued expansion of its AI voice and conversational platform, as well as partnerships across enterprise and entertainment sectors. CEO Mati Staniszewski told WSJ that ElevenLabs aims to grow into a broader conversational AI platform that delivers voice-enabled experiences for business and consumer users alike.

ElevenLabs raises $500M at $11B valuation

AI voice startup ElevenLabs has raised $500M in a Series D funding round led by Sequoia Capital, valuing the company at $11B, according to CEO Mati Staniszewski. Andreessen Horowitz and investment firm Iconiq also participated in the new funding round, Staniszewski Rapid enterprise adoption, significant ARR growth, product innovations, and investor interest contributed to ElevenLabs' high valuation and accelerated growth. ElevenLabs plans to expand research, enhance products, and establish go-to-market teams across international cities to support further enterprise adoption. ElevenLabs upgraded its voice agents with faster, more expressive capabilities, launched a voice licensing marketplace and AI music generator, and released an AI-produced music album.