ElevenLabs Raises 500M at 11B Valuation Led by Sequoia
ElevenLabs raises $500 million, reaching $11 billion valuation with major investors like Sequoia Capital on board.
New York: Voice AI company ElevenLabs announced today they raised $500 million in a new funding round. Big investor Sequoia Capital led this round, and their partner Andrew Reed will join ElevenLabs’ board.
The company’s value is now $11 billion, which is more than three times higher than in January 2025. Many investors joined this round. Existing investors like a16z and Iconiq put in even more money. New investors include Lightspeed Venture Partners and Bond.
ElevenLabs will use this money for research and making new products. They also plan to grow in countries like India, Japan, and Brazil. The company’s co-founder Mati Staniszewski said they want to work on more than just voice. They might add video features too.
The company is growing fast. They made $330 million in annual recurring revenue last year. ElevenLabs is in a popular part of the tech industry. Other voice AI companies like Deepgram have also raised lots of money recently.