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ElevenLabs Secures $500M, Eyes $11B Valuation and IPO

2/5/2026

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Summary

Story summary

ElevenLabs, a London-based AI voice technology company, raised $500 million in a Series D, valuing it at $11 billion.
The funding round was led by Sequoia Capital, with Andreessen Horowitz and Iconiq Capital.
ElevenLabs reported over $330 million in annual recurring revenue from enterprise adoption by Deutsche Telekom and the Ukrainian government.
It aims to become a comprehensive conversational AI platform and plans an IPO by 2027 or 2028.

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Story summary

ElevenLabs, a London-based AI voice technology company, raised $500 million in a Series D, valuing it at $11 billion.
The funding round was led by Sequoia Capital, with Andreessen Horowitz and Iconiq Capital.
ElevenLabs reported over $330 million in annual recurring revenue from enterprise adoption by Deutsche Telekom and the Ukrainian government.
It aims to become a comprehensive conversational AI platform and plans an IPO by 2027 or 2028.