🤖ElevenLabs Closes $500M Series D, Valuation Hits $11B
ElevenLabs Soars to $11B Valuation After Q1 Surge
TL;DR
Voice AI leader ElevenLabs closes a massive $500 million funding round, pushing its valuation to $11 billion. The company's ARR now stands at over $500 million, up from $350 million last year.
ElevenLabs has just closed a whopping $500 million Series D fundraise, propelling its valuation to an impressive $11 billion. This comes on the heels of a Q1 ARR jump to over $450 million, up from roughly $350 million at year-end 2025. Why does this matter? For developers and enterprises relying on voice AI solutions, ElevenLabs' rapid growth signals its dominance in the space. With new contracts signed with Deutsche Telekom, Revolut, and Klarna, and a focus on human-level AI voice models, the company is setting industry standards. Key numbers: $500 million Series D, $11 billion valuation, Q1 ARR of roughly $450 million.
Key Points
ElevenLabs raised $500M in Series D funding, bringing total valuation to $11 billion as of February 2026.
ARR grew from roughly $350 million at year-end 2025 to over $450 million by Q1 2026, adding $100 million net new ARR in the quarter.
The company signed enterprise contracts with Deutsche Telekom, Revolut, and Klarna, cementing its position as a voice AI leader.
ElevenLabs will offer retail investors an opportunity to invest through Robinhood Ventures, expanding access to its growth story.
Acquired Papla's team to bolster research capabilities, emphasizing the importance of human-level AI voice models for consumers.
Why It Matters
If you're integrating voice AI into your product or service, ElevenLabs' rapid growth and new enterprise contracts signal a shift in industry standards. With ARR surpassing $500 million and a valuation at $11 billion, the company's solutions are becoming increasingly critical for businesses looking to leverage advanced voice technologies.
Frequently Asked Questions
Why does this matter?
If you're integrating voice AI into your product or service, ElevenLabs' rapid growth and new enterprise contracts signal a shift in industry standards. With ARR surpassing $500 million and a valuation at $11 billion, the company's solutions are becoming increasingly critical for businesses looking to leverage advanced voice technologies.
What happened?
Voice AI leader ElevenLabs closes a massive $500 million funding round, pushing its valuation to $11 billion. The company's ARR now stands at over $500 million, up from $350 million last year.
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