ElevenLabs Hits $11B Valuation With $500M Sequence D Spherical

ElevenLabs simply closed a $500 million Sequence D that values the AI voice firm at $11 billion—greater than tripling its $3.3 billion valuation from simply twelve months in the past. Sequoia Capital led the spherical, with Andrew Reed taking a board seat.

The fundraise brings ElevenLabs’ whole capital raised to $781 million since its 2022 founding, a exceptional trajectory for a corporation that began by making AI voices sound much less robotic.

The Numbers Behind the Valuation

ElevenLabs closed 2025 with over $330 million in annual recurring income. That is roughly a 33x income a number of on the brand new valuation—aggressive, however the progress fee apparently justified it for buyers.

Andreessen Horowitz “quadrupled down” on their place whereas ICONIQ “tripled down,” each taking vital tremendous pro-rata stakes. New buyers Lightspeed Enterprise Companions, Evantic Capital, and BOND joined the cap desk. When your present buyers combat for extra allocation, it often indicators one thing.

Enterprise Push With ElevenAgents

The corporate plans to pour funding into ElevenAgents, its enterprise platform for deploying voice and chat brokers at scale. Present purchasers embody Deutsche Telekom, Sq., the Ukrainian Authorities, and Revolut—the latter partnership introduced simply final week on January 29.

These aren’t small deployments. ElevenLabs claims its API infrastructure powers platforms reaching over one billion customers by way of purchasers like Meta, Epic Video games, and Salesforce.

Alongside the funding announcement, ElevenLabs unveiled upgrades to its conversational AI with sooner response occasions and improved expressiveness by way of its Eleven v3 Conversational mannequin. The technical enhancements matter as a result of latency kills voice agent experiences—customers bail when responses really feel sluggish.

World Enlargement on the Agenda

The corporate is spreading go-to-market groups throughout fourteen cities: London, New York, San Francisco, Warsaw, Dublin, Tokyo, Seoul, Singapore, Bengaluru, Sydney, São Paulo, Berlin, Paris, and Mexico Metropolis. That is an formidable geographic footprint that means they’re racing to lock in enterprise contracts earlier than rivals catch up.

Co-founder Mati Staniszewski explicitly talked about constructing “towards IPO and past” within the announcement. With $330 million ARR and this valuation, a public providing throughout the subsequent 18-24 months would not shock anybody watching the AI infrastructure area.

The funding additionally targets expanded analysis into “audio normal intelligence”—a time period that means ElevenLabs sees voice synthesis as only one piece of a broader audio AI stack together with transcription, music era, and dubbing.

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