Series D Funding Round

AI audio technology company ElevenLabs has successfully raised a $500 million Series D funding round led by Sequoia Capital. With this investment, ElevenLabs' valuation has risen more than threefold year-over-year to $11 billion, bringing total cumulative funding to $781 million.

ElevenLabs is experiencing rapid growth, surpassing $330 million in ARR (Annual Recurring Revenue) as of 2025. Global enterprises including Deutsche Telekom, Square, and Revolut are currently adopting ElevenLabs' technology across various areas such as customer support, commerce, and internal training.

Based on this funding, the company plans to strengthen the following core platforms and expand its research:

• ElevenAgents: An enterprise voice and chat agent platform providing the reliability and integration capabilities needed for large-scale customer operations.
• ElevenCreative: A high-fidelity audio generation and localization platform supporting over 70 languages for creators and brands.
• ElevenAPI: Low-latency voice infrastructure for developers.

Additionally, through the Eleven v3 Conversational model, the company will improve the response speed and expressiveness of voice agents, and focus on research into emotional conversation models and Audio General Intelligence. It will accelerate global market expansion by deploying local teams in major cities worldwide, including Seoul.