💰ElevenLabs Closes $500M Series D at $11B Valuation
Voice AI Gets a Major Boost from Big Investors
TL;DR
ElevenLabs closed its $500 million Series D round at a $11 billion valuation. The company's ARR grew to over $450 million and it signed deals with major enterprises like Deutsche Telekom.
ElevenLabs just closed a massive $500M Series D funding round, pushing its valuation up to $11B. This is huge for voice AI tech, as the company now has serious backing from big names like BlackRock and Salesforce Ventures. If you're building anything with voice interfaces, this means more robust tools and services are coming your way. The ARR grew by $100M in Q1 alone, ending at around $450M.
Key Points
ElevenLabs raised $500M in its Series D funding at a $11 billion valuation
$450 million ARR, up from $350M last quarter; Q1 saw $100M net new ARR
Deutsche Telekom, Revolut, Klarna signed enterprise contracts with ElevenLabs
ElevenLabs acquired Papla's team to enhance its research capabilities
Retail investors can now invest via Robinhood Ventures
Why It Matters
If you're building voice-based applications or services, this funding round means more advanced AI models and better integration tools are coming. For instance, Deutsche Telekom is already leveraging ElevenLabs for their industrial AI initiatives. The $100M ARR growth in Q1 alone shows the market demand.
Frequently Asked Questions
Why does this matter?
If you're building voice-based applications or services, this funding round means more advanced AI models and better integration tools are coming. For instance, Deutsche Telekom is already leveraging ElevenLabs for their industrial AI initiatives. The $100M ARR growth in Q1 alone shows the market demand.
What happened?
ElevenLabs closed its $500 million Series D round at a $11 billion valuation. The company's ARR grew to over $450 million and it signed deals with major enterprises like Deutsche Telekom.
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