ElevenLabs raises $500M Series D at $11B valuation

• ElevenLabs closed 2025 with over $330 million in ARR, driven by rapid enterprise adoption by companies like Deutsche Telekom, Square, the Ukrainian Government, and Revolut for customer support, conversational commerce, citizen engagement, internal training, and inbound sales.
• This $500 million funding round values ElevenLabs at $11 billion, more than 3x its valuation one year ago.
• With the new funding, ElevenLabs is doubling down on ElevenAgents, its enterprise platform for voice and conversational AI, to support customer experience, sales and marketing, and internal workflows with interactive voice agents. 
• ElevenLabs today announced a major upgrade to its voice agents, enabling faster response times and improved expressiveness, powered by new turn-taking improvements and its Eleven v3 Conversational model. 
• The funding will also help strengthen ElevenLabs’ foundation, its research, by expanding work on emotional conversational models, dubbing, and audio general intelligence.
• ElevenLabs is continuing its international expansion across London, New York, San Francisco, Warsaw, Dublin, Tokyo, Seoul, Singapore, Bengaluru, Sydney, São Paulo, Berlin, Paris and Mexico City with locally embedded go-to-market teams to support enterprise adoption of ElevenAgents and ElevenCreative worldwide.
• The round was led by Sequoia Capital, with Andrew Reed joining the board, with A16Z quadrupling down and ICONIQ tripling down

4 February 2026 – ElevenLabs has raised $500 million in a Series D funding round to transform the way we interact with technology. The round is led by Sequoia Capital with Andrew Reed joining the board. Andreessen Horowitz quadrupled down while ICONIQ tripled down, both with significant super pro-rata participation. New investors Lightspeed Venture Partners, Evantic Capital, BOND are joining the round to help the company go deeper & quicker. Existing investors - BroadLight, NFDG, Valor Capital, AMP Coalition and Smash Capital are also continuing their support along with additional investor participation expected to be disclosed later in February. This latest funding values ElevenLabs at $11 billion, more than tripling its valuation from one year prior, and brings total funding to $781 million across five rounds since its founding in 2022.

Founded in 2022, ElevenLabs began by developing a truly human-like AI text to speech model. Since then, the company has expanded beyond voice, advancing state-of-the-art research across speech to text, sound effects, dubbing, music and conversation. ElevenLabs brings these models together with integrations, orchestration, and enterprise-grade infrastructure to deliver production-ready platforms for businesses, creators, and developers:

• ElevenAgents, which enables enterprises to deploy voice and chat agents with the reliability, integrations, testing, and monitoring required for large-scale customer operations. It’s an open platform for developers and enterprises to create custom tailored conversational agents. Organizations including Deutsche Telekom, Square, the Ukrainian Government, and Revolut use ElevenAgents for customer support, conversational commerce, citizen engagement, internal training, and inbound sales.
• ElevenCreative, a platform for creators and brands to generate, edit, and localize high-fidelity audio across more than seventy languages. Brands like Duolingo, NVIDIA and TIME use ElevenCreative to create and localize content for global audiences.
• ElevenAPI, which provides low-latency, production-grade voice infrastructure for developers building interactive products and experiences. ElevenAPI is used by companies including Meta, Epic Games, Salesforce, MasterClass and Harvey to power platforms reaching over one billion users. 

“We started by building a voice that could sound human - and we did. Today we are building foundational models across the full audio stack - text to speech, transcription, music, dubbing and conversational models with a world-leading research team. And we take the models even further by optimizing them for the best product experiences that we believe will redefine the benchmarks,” said Piotr Dabkowski, Co-Founder of ElevenLabs.

“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. We plan to expand our Creative offering - helping creators combine our best-in-class audio with video and Agents - enabling businesses to build agents that can talk, type, and take action. When we started ElevenLabs, we couldn’t have imagined the scale and impact we’ve reached today, with an incredible team doing the best work of their lives. Yet we stay hungry, knowing how early this space still is, as we build toward IPO and beyond,” said Mati Staniszewski, Co-Founder of ElevenLabs.

"Mati and Piotr are exceptional founders and leaders. They have built ElevenLabs into one of the most successful and most impactful companies in the global AI ecosystem. From world-leading research to mind-bending creative tools to enterprise voice agents at scale, ElevenLabs is changing how people communicate and interface with technology, with organizations and institutions, and with each other. It's an honor to join their board." said Andrew Reed, Partner at Sequoia. 

ElevenLabs plans to use this funding to continue to expand research and product, and continue its international expansion across London, New York, San Francisco, Warsaw, Dublin, Tokyo, Seoul, Singapore, Bengaluru, Sydney, São Paulo, Berlin, Paris and Mexico City with locally embedded go-to-market teams to support enterprise adoption of ElevenAgents and ElevenCreative worldwide.

For decades, humans have adapted to machines by clicking buttons and navigating menus. ElevenLabs believes the next phase of computing will reverse that dynamic - with technology adapting to how people naturally communicate.