ElevenLabs hits $11bn valuation with $500m collection D funding spherical

As soon as considerably of an outcast in Hollywood, immediately ElevenLabs counts some huge stars on its roster, and it has simply raised a $500m collection D spherical.

ElevenLabs has raised $500m in a Sequence D funding spherical led by Sequoia Capital with accomplice Andrew Reed becoming a member of the board. Current traders Andreessen Horowitz and Iconiq participated, with new traders approaching board together with Lightspeed Enterprise Companions, Evantic Capital and Bond.

The brand new spherical offers ElevenLabs an $11bn valuation, greater than tripling its valuation within the area of a 12 months. ElevenLabs began out in 2022, growing a human-like AI text-to-speech mannequin that bought it into scorching water within the early days as a result of controversial impersonations of assorted Hollywood stars comparable to Emma Watson. Voice actors took them to court docket on the time and ElevenLabs subsequently settled the lawsuit.

As of late, a few of Hollywood’s elite are absolutely on board. In November 2025, it launched its Iconic Market, including actors Michael Caine and Matthew McConaughey to its roster. Having been burnt early on, the corporate immediately describes Iconic Market as fixing “a key moral problem in AI-driven media creation by enabling the moral sourcing and licensing of a number of the world’s most recognisable voices”.

“We began by constructing a voice that would sound human – and we did,” stated stated Piotr Dabkowski, co-founder of ElevenLabs. “At present we’re constructing foundational fashions throughout the total audio stack – textual content to speech, transcription, music, dubbing and conversational fashions with a world-leading analysis group.

“This funding helps us transcend voice alone to rework how we work together with expertise altogether. We plan to increase our artistic providing – serving to creators mix our best-in-class audio with video and brokers.”

ElevenLabs says the funding will assist it to proceed its worldwide growth throughout London, New York, San Francisco, Warsaw, Dublin, Tokyo, Seoul, Singapore, Bengaluru, Sydney, São Paulo, Berlin, Paris and Mexico Metropolis, the place they plan to have “go-to-market groups” to help enterprise adoption.

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