London, based AI, powered voice technology pioneer ElevenLabs has secured a record, breaking $500 million Series D round at a valuation of $11 billion, up three times from its valuation a year ago, and taking total funding to $781 million since its inception in 2022. The round was led by Sequoia Capital, whose partner Andrew Reed joined the board, while on one hand long, time backers Andreessen Horowitz (a16z) and ICONIQ made substantial contributions to the round, and on the other hand new investors Lightspeed Venture Partners, Evantic Capital, and BOND joined the cap table. ElevenLabs announced that it ended 2025 with over $330 million in annual recurring revenue (ARR), which was fueled by the rapid adoption of its solutions by enterprises like Deutsche Telekom, Square, the Ukrainian Government, and Revolut across use cases including customer service, conversational commerce, citizen engagement platforms, internal training, and inbound sales. ElevenLabs also continues expanding its global footprint with locally embedded teams across key markets including the U.S., India, Japan and Singapore, underpinning aggressive international growth plans. “We started by building a voice that could sound human – and we did. Today we are building foundational models across the full audio stack… that we believe will redefine the benchmarks,” said Piotr Dabkowski, Co-Founder of ElevenLabs in the company’s announcement.
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With the new capital, ElevenLabs is doubling down on its enterprise and creative AI product suite, particularly ElevenAgents, its voice and conversational AI platform designed to support customer experience, sales, marketing and internal workflows, and ElevenCreative for high-fidelity audio generation at scale. “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,” said Mati Staniszewski, Co-Founder of ElevenLabs, underscoring plans to expand the company’s Creative offering blending audio, video and agent capabilities to enable businesses to build agents that “can talk, type, and take action.”
