ElevenLabs raises $500M, says building towards IPO
AI-audio generation startup ElevenLabs has secured a substantial $500 million in Series D funding, catapulting its valuation to $11 billion. This significant investment, led by Sequoia with participation from existing and new investors, underscores the immense growth and potential recognized in advanced AI-driven audio solutions. The company's CEO has indicated that this funding round is a strategic step towards a future Initial Public Offering (IPO), signaling strong confidence in its long-term market trajectory and expansion plans. The $11 billion valuation represents a remarkable increase from previous funding rounds, highlighting rapid enterprise adoption and technological advancement. ElevenLabs leverages sophisticated AI to generate highly accurate, human-like speech from text, even replicating the voices of historical figures or celebrities. The company's focus is on expanding its enterprise platform, ElevenAgents, to enhance customer experience, sales, marketing, and internal workflows, alongside bolstering its research into emotional conversational models and audio general intelligence. This funding will fuel ElevenLabs' international expansion into key markets like London, New York, San Francisco, Warsaw, and Dublin. With over $330 million in Annual Recurring Revenue (ARR) reported at the end of 2025, driven by notable clients such as Deutsche Telekom and Revolut, the company is demonstrating significant commercial success. The strategic investment will also support the development of innovative creator tools, integrating advanced audio with video and conversational AI agents, aiming to redefine human-technology interaction.
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