ElevenLabs Secures $180 Million to Establish AI Voice as Digital Standard
ElevenLabs raises a massive $180 million Series C round, reaching a $3.3 billion valuation to expand its AI audio research and global business tools. The company currently powers voice generation for millions of users and over 60 percent of Fortune 500 companies.
ElevenLabs raises $180 million in a Series C funding round co-led by a16z and ICONIQ Growth to make speech the standard for digital interaction. The new investment values the AI audio company at $3.3 billion, which triples its valuation from just one year ago. A roster of new and existing investors, along with strategic partners like Deutsche Telekom and HubSpot, joins this round to support the company's rapid expansion.
Since launching its platform two years ago, ElevenLabs sees users generate 1,000 years of audio content, with employees at over 60 percent of Fortune 500 companies adopting its tools. The company expands its product lineup significantly over the past year by introducing Conversational AI for real-time voice agents, a Voice Design tool, a Sound Effects Model, and the ElevenReader mobile app for converting text to audio.
The fresh capital drives the next stage of AI audio by funding research into more expressive and controllable voice models. ElevenLabs plans to expand its developer and business tools for global scaling while simultaneously strengthening its AI safety initiatives. The company ultimately aims to make voice and sound a central, seamless part of all digital experiences across various industries.