ElevenLabs, a company engaged in voice artificial intelligence and working with the Ministry of Digital Affairs, received $500 million in funding and tripled its valuation.
ElevenLabs, a company engaged in voice artificial intelligence and working with the Ministry of Digital Affairs, received $500 million in funding and tripled its valuation.
The round was led by Sequoia Capital, with participation from Andreessen Horowitz, Iconiq, Lightspeed Venture Partners, Evantic Capital and Bond, CNBC reports .
ElevenLabs' new valuation of $11 billion is more than three times its previous valuation of $3.3 billion, achieved after a $180 million Series C investment in January 2025.
The company has reported that tech giants like Meta and Salesforce are using its voice infrastructure to develop products. In the fall, the Ministry of Digital Transformation announced an agreement with ElevenLabs, which envisages AI-based voice support in Diya.
«This funding helps us go beyond voice and completely transform the way we interact with technology,» said co-founder Mati Staniszewski.
He said the company is preparing for an IPO and intends to provide more tools for content creators, as well as allow businesses to «create agents that can speak, type, and perform actions.»
ElevenLabs ended 2025 with annual revenue of over $330 million. It has offices across Europe, as well as in Brazil, Mexico, India, South Korea, Japan, and the United States, and plans to open branches in other countries.
