Elevenlabs Raises $500m From Sequioia At A $11 Billion Valuation

Voice AI institution ElevenLabs said coming it raised $500 cardinal successful a caller backing information led by
Sequoia Capital, which was an investor successful the startup’s past secondary information done a tender. Sequoia partner Andrew Reed is joining nan company’s board.

The startup is now weighted astatine $11 billion, much than 3 times its valuation successful its past information successful January 2025. Earlier successful nan year, nan Financial Times reported that nan startup was looking to raise astatine that valuation.

The institution said that existing investor a16z quadrupled its finance amount, and ICONIQ, which led nan past round, tripled it. Some anterior investors, for illustration BroadLight, NFDG, Valor Capital, AMP Coalition, and Smash Capital, besides joined nan round. New investors for nan backing included Lightspeed Venture Partners, Evantic
Capital, BOND.

ElevenLabs said that it will disclose immoderate investors later successful February, which mightiness beryllium strategical partners. The institution has raised complete $781 cardinal to date. It said that it will usage nan backing for investigation and merchandise development, on pinch description successful world markets for illustration India, Japan, Singapore, Brazil, and Mexico.

The company’s co-founder, Mati Staniszewski, indicated that ElevenLabs mightiness activity connected agents beyond sound and incorporated video. In January, nan institution announced a business pinch LTX to nutrient audio-to-video content.

“The intersection of models and products is captious – and our squad has proven, clip and again, really to construe investigation into real-world experiences. This backing helps america spell beyond sound unsocial to toggle shape really we interact pinch exertion altogether. We scheme to grow our Creative offering – helping creators harvester our best-in-class audio pinch video and Agents – enabling businesses to build agents that tin talk, type, and return action,” he said successful a statement.

The institution has seen bully maturation momentum arsenic it closed nan twelvemonth astatine $330 cardinal ARR. In an question and reply pinch Bloomberg earlier this year, Staniszewski said that it took ElevenLabs 5 months to scope from $200 cardinal to $300 cardinal successful ARR.

Voice AI exemplary providers are an charismatic target for investors and large tech companies. In January, rival Deepgram raised $130 cardinal from AVP astatine a $1.3 cardinal valuation. Meanwhile, Google hired top talent from sound exemplary institution Hume AI, including CEO Alan Cowen.