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Elevenlabs Secures $500M Funding at $11B Valuation | News

 

 

Elevenlabs, a developer of artificial intelligence-driven voice generation technology, announced on February 4, 2026, that it has raised $500 million in a Series D funding round led by Sequoia Capital, pushing the company’s valuation to $11 billion, with participation from major existing and new investors.

 

Funding Round and Investment Details

 

Elevenlabs’ latest financing round, concluded on February 4, 2026, resulted in $500 million in new capital, representing a significant escalation in investor confidence in the company’s voice and conversational AI technologies. The Series D round was led by Sequoia Capital, a prominent venture capital firm with a history of backing early-stage and growth companies in the technology sector.

 

In addition to Sequoia’s lead role, several of Elevenlabs’ existing investors significantly increased their stakes in the funding round. Andreessen Horowitz, commonly referred to as a16z, reportedly quadrupled its investment from prior commitments, and ICONIQ Capital, another longstanding backer, tripled its investment size. New institutional participants in the round included Lightspeed Venture Partners, Evantic Capital, and BOND, among others.

 

The inclusion of both long-term and new investors reflects the broadening financial support for Elevenlabs as it scales. As part of the deal structure, Sequoia Capital partner Andrew Reed is set to join Elevenlabs’ board, signaling a strengthened governance linkage between the startup and its principal backer.

 

Valuation Growth and Company Metrics

 

Elevenlabs’ reported valuation of $11 billion following the Series D funding represents a more than threefold increase over its previous valuation of approximately $3.3 billion recorded in January 2025, when the company closed a $180 million Series C round.

 

According to financial reporting, the company recorded annual recurring revenue exceeding $330 million in 2025. That figure, according to comments attributed to chief executive Mati Staniszewski in reporting, is targeted to expand further in the coming year.

 

Elevenlabs was founded in 2022 by co-founders Mati Staniszewski and Piotr Dabkowski, and has since developed a suite of AI tools to convert text into lifelike speech and support voice-driven conversational applications. Its technology is utilized across a range of commercial and enterprise use cases.

 

Strategic Objectives and Market Position

 

The infusion of $500 million is positioned to support international expansion and continued product development within Elevenlabs’ portfolio of AI platforms. Elevenlabs operates within a rapidly scaling segment of artificial intelligence focused on voice cloning, realistic speech synthesis, and conversational agent technologies that integrate natural language understanding with expressive audio output.

 

Industry reporting notes that the funding climate for AI firms remains robust, with investors directing substantial capital toward companies that demonstrate scalable technology adoption and growing revenue streams. Elevenlabs’ heightened valuation and funding scale reflect broader sector dynamics and sustained capital flows into artificial intelligence development.

 

In prior reporting, the company has expanded its product scope to include tools beyond voice synthesis, such as agent platforms designed for enterprise deployment and tools that support broader AI-assisted content creation. These offerings have drawn usage across media, customer service, and accessibility applications.

 

Investor Confidence and Sector Context

 

Elevenlabs’ new funding round adds to a pattern of substantial venture capital commitments to artificial intelligence technology firms throughout 2025 and early 2026, signaling continued investor engagement with advanced machine learning applications. The participation of both returning investors and new venture capital partners reflects confidence in Elevenlabs’ operational scale and market positioning.

 

The valuation increase to $11 billion places the company among a cohort of high-valuation AI startups demonstrating accelerated growth trajectories. The rise from its prior valuation within a little over a year reflects rapid scaling and revenue expansion consistent with competitive dynamics in the generative AI sector.

 

Elevenlabs’ technology and market footprint illustrate the growing role of conversational and generative AI tools in enterprise and consumer environments, with voice-centric models forming a core component of broader artificial intelligence ecosystems.