AI voice technology leader ElevenLabs has secured $500 million in Series D funding, tripling its valuation to $11 billion in just one year. The round, led by Sequoia Capital, positions the company to transform human-technology interaction through advanced conversational AI and enterprise voice agents.
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ElevenLabs $11B Valuation: Funding Round Breakdown
Investment Details
| Metric | Information |
|---|---|
| Funding Amount | $500 million (Series D) |
| Valuation | $11 billion |
| Valuation Growth | 3x increase from 2025 |
| Total Funding | $781 million across 5 rounds |
| 2025 ARR | Over $330 million |
| Lead Investor | Sequoia Capital (Andrew Reed joins board) |
| Major Investors | A16Z (4x increase), ICONIQ (3x increase) |
| New Investors | Lightspeed, Evantic Capital, BOND |
Three Core Platforms Driving Growth
ElevenAgents enables enterprises to deploy voice and chat agents with enterprise-grade reliability. Major organizations including Deutsche Telekom, Square, the Ukrainian Government, and Revolut use the platform for customer support, conversational commerce, citizen engagement, and inbound sales operations.
ElevenCreative empowers creators and brands to generate, edit, and localize high-fidelity audio across over 70 languages. Industry leaders like Duolingo, NVIDIA, and TIME leverage the platform for commercial voiceovers, music creation, and global content localization.
ElevenAPI provides low-latency voice infrastructure for developers building interactive products. Tech giants including Meta, Epic Games, Salesforce, MasterClass, and Harvey use ElevenAPI to power platforms reaching over one billion users worldwide.
Recent Platform Upgrades
ElevenLabs announced major improvements to its voice agents, featuring faster response times and enhanced expressiveness through a new turn-taking system and V3 conversational model. These upgrades strengthen the platform’s enterprise capabilities and user experience.
Global Expansion Strategy
The funding accelerates ElevenLabs’ international footprint across 14 global cities including London, New York, San Francisco, Warsaw, Dublin, Tokyo, Seoul, Singapore, Bengaluru, Sydney, São Paulo, Berlin, Paris, and Mexico City. Locally embedded teams will support enterprise adoption of Eleven Agents and Eleven Creative worldwide.
Co-founder Piotr Dabkowski emphasized the company’s evolution from text-to-speech to building foundational models across the full audio stack, while Mati Staniszewski highlighted plans to expand creative offerings and enable agents that can talk, type, and take action as the company builds toward IPO.
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FAQs
What is ElevenLabs’ current valuation after Series D funding?
$11 billion, more than tripling from its 2025 valuation.
How much ARR did ElevenLabs generate in 2025?
Over $330 million in annual recurring revenue.
