ElevenLabs, a leading voice AI startup, has officially announced the completion of a $500 million round of financing. This round was led by Sequoia Capital, and Sequoia partner Andrew Reed will also join the company's board of directors.

After this financing, ElevenLabs' valuation has surged to $11 billion. Notably, this figure is more than three times the valuation from January 2025, demonstrating the strong recognition of the voice AI sector by the capital market. In addition to Sequoia Capital, existing investors a16z and Iconiq have increased their investment amounts by four and three times respectively. Prominent institutions such as Lightspeed and Bond have also joined this round as new investors.

Currently, ElevenLabs' annual recurring revenue (ARR) has reached $330 million. The company's co-founder Mati Staniszewski stated that this funding will be mainly used for product development and global market expansion, with a focus on countries such as India, Japan, Singapore, Brazil, and Mexico.

In the future, ElevenLabs' ambitions go beyond voice. Staniszewski revealed that the company is planning to move from a single voice model to a multi-modal field, developing intelligent agents capable of handling text, voice, video, and taking actions, aiming to comprehensively revolutionize the way humans interact with technology through AI technology.

Key Points:

  • 💰 Valuation Tripled: ElevenLabs completed a $500 million financing round, with its latest valuation reaching $11 billion, more than three times the valuation from one year ago.

  • 📈 Strong Revenue Growth: The company's current annual recurring revenue has reached $330 million, showing strong commercialization capabilities.

  • 🚀 Strategic Multi-Modal Upgrade: The funding will be used for international market expansion and driving the transition of voice AI to video and intelligent agents with action capabilities.