ElevenLabs has raised $500 million at an $11 billion valuation, marking one of the largest growth rounds in the generative AI space. Led by Sequoia Capital, the round saw a16z quadruple its stake and Iconiq triple its investment, with Andrew Reed joining the board. The company now reports $330M in ARR, underscoring rapid enterprise and creator adoption.While ElevenLabs became synonymous with best-in-class AI voice technology, this funding signals a much broader ambition. Co-founder Mati Staniszewski confirmed plans to expand into AI agents and video, positioning ElevenLabs at the intersection of models, products, and real-world applications. A recent partnership with LTX to enable audio-to-video generation highlights this shift.Strategically, the move reflects a larger trend in generative AI: voice is becoming the interface, not the endpoint. By enabling agents that can talk, type, and take action, ElevenLabs is evolving from a tool provider into a full-stack interaction platform for creators and enterprises alike.Geographic expansion into India, Japan, and Brazil further strengthens its growth story, tapping into creator economies and enterprise demand in high-growth markets. For businesses, this opens new possibilities across customer support, content creation, media localisation, and AI-driven experiences.
Overall, ElevenLabs’ latest raise reinforces a clear message: the next phase of AI is multimodal, agent-led, and product-driven, and ElevenLabs is positioning itself as a core infrastructure player in that future.
