ElevenLabs has raised USD 500 million in Series D funding at an USD 11 billion valuation, the company said on 4 February 2026. Sequoia led the round, with a16z and ICONIQ among investors increasing their stakes, according to the firm's Series D blog post.
The company reported more than USD 330 million of annual recurring revenue at the end of 2025 — a company-stated figure tied to its voice AI platform. Product messaging around the raise highlighted continued model and platform investment, including newer emotive voice models.
ElevenLabs sells text-to-speech and voice AI broadly across consumer and enterprise use cases. Exact enterprise mix, retention and content-safety incident rates were not the centrepiece of the valuation announcement.
Enterprise buyers should treat ARR and valuation as company-stated and ask for evidence on consent, deepfake misuse controls and data-processing terms before production rollout.
Figures and customer claims in this piece are those stated by the company or acquirer in the cited materials.
Product roadmaps and close timelines remain subject to the usual commercial and regulatory conditions.
Readers should treat scale and outcome metrics as company-stated unless a filing or independent audit is cited.