"Voice AI company ElevenLabs said today it raised $500 million in a new funding round led by Sequoia Capital, which was an investor in the startup's last secondary round through a tender. Sequoia partner Andrew Reed is joining the company's board. The startup is now valued at $11 billion, more than three times its valuation in its last round in January 2025. Earlier in the year, the Financial Times reported that the startup was looking to raise at that valuation."
"The intersection of models and products is critical - and our team has proven, time and again, how to translate research into real-world experiences. This funding helps us go beyond voice alone to transform how we interact with technology altogether. We plan to expand our Creative offering - helping creators combine our best-in-class audio with video and Agents - enabling businesses to build agents that can talk, type, and take action,"
ElevenLabs raised $500 million in a Sequoia-led funding round that values the startup at $11 billion, more than three times its January 2025 valuation. Sequoia partner Andrew Reed joined the board. Existing investor a16z quadrupled its investment and ICONIQ tripled its. New investors include Lightspeed, EvanticCapital, and BOND, with additional investors to be disclosed later. Total capital raised now exceeds $781 million. Funds will support research, product development, and expansion into India, Japan, Singapore, Brazil, and Mexico. The company reported $330 million ARR and indicated plans to expand offerings beyond voice into video and agents.
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