ElevenLabs Reaches $11B Valuation After $500M Series D Round
AI audio company ElevenLabs raises $500 million in a Series D round led by Sequoia Capital, pushing its valuation to $11 billion. The company plans to use the funds to expand its enterprise voice agent platform and global operations.
ElevenLabs raises $500 million in a Series D funding round led by Sequoia Capital, reaching an $11 billion valuation that triples its worth from just one year ago. The AI audio company closes 2025 with over $330 million in annual recurring revenue, driven by enterprise adoption from major clients like Deutsche Telekom, Square, and Revolut for customer support and conversational commerce.
The new capital allows ElevenLabs to focus heavily on ElevenAgents, its enterprise platform for voice and conversational AI designed for customer experience, sales, and internal workflows. Alongside this funding announcement, the company unveils a major upgrade to its voice agents that features faster response times, improved expressiveness, and a new Eleven v3 Conversational model.
Investors such as Andreessen Horowitz and ICONIQ significantly increase their stakes in this round, while new participants like Lightspeed Venture Partners join to accelerate growth. ElevenLabs uses the influx of funding to boost its research into emotional conversational models and audio general intelligence, while expanding its physical presence across major global cities to support worldwide enterprise adoption.