Another major development has emerged in the field of artificial intelligence voice technology, as ElevenLabs recently announced a new round of substantial funding, with its valuation surging to $11 billion, making it the highest-valued AI voice service provider in the world today. This achievement not only reflects the strong confidence of the capital market in voice AI, but also highlights the company's rapid growth in enterprise applications.

 Funding Scale and Valuation Surge

ElevenLabs completed a $500 million Series D round led by Sequoia Capital. Andreessen Horowitz (a16z) significantly increased its investment by four times, while ICONIQ Capital followed with three times the investment. New investors include Lightspeed Venture Partners, Evantic Capital, and BOND, among other well-known institutions. This round of financing brought the company's total funding close to $781 million, with its valuation increasing more than threefold from $3.3 billion at the beginning of 2025, achieving a triple jump in valuation within just one year.

 Strong Performance in 2025, ARR Exceeds $330 Million

The company revealed that its Annual Recurring Revenue (ARR) for 2025 has exceeded $330 million, driven mainly by enterprise customers. This revenue level has rapidly risen from an early stage in just a few years, demonstrating the strong monetization power of voice AI in business scenarios. The adoption rate of enterprises is growing rapidly, with many customers using ElevenLabs' conversational agents as core infrastructure rather than auxiliary tools.

 Top-tier Customer Base Across Multiple Sectors

ElevenLabs has a star-studded customer list, including Deutsche Telekom, Square, the Ukrainian government, Revolut, and other well-known companies and organizations. These customers primarily apply the technology in high-value scenarios such as customer support, conversational e-commerce, citizen interaction, internal training, and sales inbound. Voice AI is shifting from an entertainment tool to an enterprise-level productivity infrastructure, helping brands achieve more natural and emotionally rich interactions.

 Technology and Product Development Accelerated

With the new round of funding, ElevenLabs plans to accelerate the development of the ElevenAgents platform and the next generation of conversational models, enhancing emotional understanding and expression. The company will also deepen its creative tool strategy, including the launch of signature voice libraries in collaboration with famous actors, driving AI audio toward greater expressiveness and controllability. CEO Mati Staniszewski stated that this round of funding will help the company bring cutting-edge products to market faster, continuing to lead the revolution in voice interaction.

 The AI Voice Sector Enters a Period of Explosive Growth

ElevenLabs' success marks the comprehensive commercialization of generative AI in the voice domain. While giants like OpenAI and Google are also positioning themselves in the voice space, this specialized voice company has stood out due to its technological advantages and enterprise penetration. The $11 billion valuation not only sets a new record for the AI voice sector but also signals that the field is about to see more capital inflows and innovation competition.

From its establishment in 2022 to its current valuation of $11 billion, ElevenLabs has demonstrated the potential of "voice as the future interface" within four years. The explosive growth of enterprise voice agents is reshaping the way people interact with technology. AIbase will continue to track the latest developments in voice AI and provide readers with first-hand industry insights.