ElevenLabs Raises $500M Series D at $11B Valuation to Expand AI Voice…

Team S · 2026-02-05T14:11:38.000Z

ElevenLabs, a prominent player in generative AI voice and audio technology, has secured $500 million in a Series D funding round, valuing the company at approximately $11 billion more than triple its valuation from a year ago. The latest investment reflects growing demand for immersive voice AI and conversational agent solutions across enterprises and creative industries. The funding round was led by Sequoia Capital, with Sequoia partner Andrew Reed joining the company’s board of directors, highlighting deep strategic involvement. Existing investors Andreessen Horowitz (a16z) and ICONIQ significantly increased their stakes a16z reportedly quadrupled its investment while ICONIQ tripled its commitment demonstrating strong continued confidence in ElevenLabs’ vision and execution. New backers Lightspeed Venture Partners, Evantic Capital, and Bond also participated in the round, alongside returning supporters including BroadLight, NFDG, Valor Capital, AMP Coalition, and Smash Capital. ElevenLabs’ total funding now exceeds $781 million since its founding in 2022. ElevenLabs plans to use the fresh capital to accelerate research and product development, particularly around its ElevenAgents platform, which enables businesses to deploy AI voice and chat agents for customer support, sales automation, and internal operations. Additionally, the company is advancing multimodal AI capabilities that combine voice, chat, and creative content generation moving beyond text-to-speech into richer interactive experiences. Expansion into international markets, including teams embedded in key regions, is also a priority as enterprise demand for conversational AI continues to grow.

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ElevenLabs Raises $500M Series D at $11B Valuation to Expand AI Voice… | Newnex