ElevenLabs Tops $500 Million ARR, Secures Series D Funding Valued at $11 Billion

Voice AI startup ElevenLabs has announced that it has topped $500 million in annual recurring revenue in early 2026, positioning the company as a rapidly scaling platform for “human-like AI communication.”

“ElevenLabs confirms its meteoric rise in the field of voice artificial intelligence”

KultureGeek

In The Economic Times’ account, the company also secured additional funding in its Series D round, valuing it at $11 billion, and said the investment would “fuel platform advancements and global expansion.”

KultureGeek

Cofounder Mati Staniszewski said in a blog post that “The investment — the third close in our Series D fundraise — comes as our business is accelerating,” and he tied that acceleration to “enterprise deployment of voice agents across businesses.”

The Economic Times also reported that ElevenLabs raised $500 million at an $11 billion valuation in February, and that in January it raised $180 million in its series C funding at a valuation of $3.3 billion.

The same article lists enterprise participants in the funding, including Nvidia, Salesforce, Santander, KPN, and Deutsche Telekom, and says those companies use ElevenLabs’s products across functions “from customer support and sales to hiring and marketing operations.”

TechCrunch adds that ElevenLabs revealed new investors as part of its $500 million Series D fundraise, which was first announced in February, and that the company surpassed $500 million in ARR after ending last year with nearly $350 million in ARR.

TechCrunch further states that Staniszewski said ElevenLabs added $100 million in net new ARR in Q1 2026, ending the quarter at roughly $450 million in ARR, and that the company’s valuation grew from $6.6 billion last September to $11 billion this February.

Across the three technology-focused reports, ElevenLabs’ Series D investor list spans institutional finance, major technology firms, and entertainment figures, underscoring how voice AI is being positioned as both an enterprise tool and a media-adjacent capability.

TechCrunch says the additions include institutions such as BlackRock, Wellington, D.E. Shaw, and Schroders; enterprises like Nvidia, Salesforce Ventures, Santander, KPN, and Deutsche Telekom; and individual investors such as Jamie Foxx, Eva Longoria, and Squid Game creator Hwang Dong-hyuk.

TechCrunch

KultureGeek similarly describes the American start-up’s $500 million Series D round and says its valuation now reaches $11 billion (€9.4 billion), while listing new backers including BlackRock, Wellington, D.E. Shaw, and Schroders on the institutional side and NVIDIA, Salesforce, Santander, KPN, and Deutsche Telekom on the industry side.

KultureGeek highlights the “presence of figures from the 'entertainment' sector,” naming actor Jamie Foxx, actress Eva Longoria, and Hwang Dong-hyuk, the creator of Squid Game, and it frames that presence as a sign that voice AI is becoming a “major issue for cinema, TV, dubbing, international localization, and multilingual content creation.”

The Economic Times also ties the company’s growth to enterprise deployment and quotes Staniszewski saying, “We believe natural, human-like communication will be critical for the broad adoption of AI,” adding that “communication will start to become the limiting factor.”

TechCrunch includes a statement from Karine Peters, managing director at Deutsche Telekom’s venture arm T.Capital, who said, “Voice is the highest-stakes channel for any customer interaction,” and that “ElevenLabs is not just a category leader – it is becoming a foundational enabler of Deutsche Telekom’s broader Industrial AI vision.”

In KultureGeek, Karine Peters is quoted as saying, “Voice is the most critical channel for any customer interaction,” and it adds that ElevenLabs’ technology can “radically transform voice services, multilingual automation, and AI agents integrated into networks.”

Beyond fundraising, the sources connect ElevenLabs’ growth to specific enterprise relationships and to a product direction centered on voice-as-a-service, multilingual automation, and in-network AI agents.

“Voice AI firm ElevenLabs tops $500 million ARR; announces additional funding Synopsis Voice AI startup ElevenLabs has announced its annual recurring revenue has surpassed $500 million in early 2026”

The Economic Times

The Economic Times says enterprises including Nvidia, Salesforce, Santander, KPN, and Deutsche Telekom have participated in the funding and that “These companies use Eleven Labs’s products across functions, from customer support and sales to hiring and marketing operations, the company said in a blog post.”

TechCrunch reports that in the past quarter ElevenLabs signed enterprise contracts with “the likes of Deutsche Telekom, Revolut, and Klarna,” and it also states that the company has accelerated its valuation from $6.6 billion last September to $11 billion this February.

TechCrunch quotes Karine Peters describing ElevenLabs as “a foundational enabler of Deutsche Telekom’s broader Industrial AI vision,” and she adds that the company is positioned “From voice-as-a-service to multilingual automation and in-network AI agents.”

KultureGeek similarly says ElevenLabs has recently signed with Deutsche Telekom, Revolut, and Klarna, and it describes the company as specializing in “voice synthesis, automated dubbing, and conversational agents.”

The Economic Times frames the investment as fueling “platform advancements and global expansion,” and it quotes Staniszewski saying, “As AI becomes more intelligent, communication will start to become the limiting factor.”

TechCrunch adds additional financial mechanics around the fundraising, saying ElevenLabs “also closed a $100 million tender, a second in roughly six months after the company issued one last September,” and it notes that last month the company acquired the team from Polish voice AI startup Papla to bolster its research team.

While the investor and contract lists show momentum, TechCrunch emphasizes that ElevenLabs’ positioning depends on performance and user trust, with specific language about quality, latency, and security.

In TechCrunch, Karine Peters says, “Voice is the highest-stakes channel for any customer interaction, and the bar for quality, latency, and security is extremely high,” and she argues that ElevenLabs is “uniquely positioned to reshape how businesses interact with customers across all channels.”

TechCrunch

TechCrunch also reports that Staniszewski said consumers won’t trust systems that sound robotic or “interact strangely,” and it ties that point to the importance of building “human-level AI voice models.”

The Economic Times similarly quotes Staniszewski on the broader adoption thesis, saying “We believe natural, human-like communication will be critical for the broad adoption of AI,” and it adds that “communication will start to become the limiting factor.”

KultureGeek frames the company’s technology as a central platform for “the next generation of human-AI interfaces,” and it describes ElevenLabs as moving beyond “selling a synthetic voice technology.”

The Economic Times includes a quote from Staniszewski that “This is the problem we've been focussed on since ElevenLabs was founded,” connecting the trust-and-quality theme to the company’s founding focus.

TechCrunch adds that the company will give retail investors an opportunity to invest in ElevenLabs through Robinhood Ventures, but it notes that it “didn’t provide details about the program,” which keeps the consumer-facing angle tied to the company’s stated trust requirements rather than a detailed product plan.

Although all three sources center on ElevenLabs’ Series D and its $500 million ARR milestone, they emphasize different angles, from financial metrics to entertainment implications to product mechanics.

“Voice AI company ElevenLabs revealed new investors that are part of its $500 million Series D fundraise, which was first announced in February”

TechCrunch

The Economic Times leads with ARR and valuation, stating that ElevenLabs “tops $500 million ARR” and that the Series D round values the company at $11 billion, while also quoting Staniszewski that “The investment — the third close in our Series D fundraise — comes as our business is accelerating.”

KultureGeek

TechCrunch, while also reporting the $500 million Series D and the $11 billion valuation, foregrounds the investor roster by listing named institutions, enterprises, and individuals, including BlackRock and Jamie Foxx, and it adds operational details such as the $100 million tender and the acquisition of the Papla team.

KultureGeek, by contrast, foregrounds the “presence of figures from the 'entertainment' sector,” naming Jamie Foxx, Eva Longoria, and Hwang Dong-hyuk, and it explicitly connects those Hollywood investors to “cinema, TV, dubbing, international localization, and multilingual content creation.”

The Economic Times also includes a quote from Rob Mazzoni at Wellington Management saying, “Every major enterprise will communicate with its customers and audiences through AI agents,” while TechCrunch uses Karine Peters’ statement to frame voice AI as “a foundational enabler” of Deutsche Telekom’s Industrial AI vision.

KultureGeek adds a separate quote from Karine Peters that “Voice is the most critical channel for any customer interaction,” and it describes ElevenLabs’ technology as transforming “multilingual automation, and AI agents integrated into networks.”

Even where the sources overlap on numbers, they present them through different narrative lenses: The Economic Times ties the growth to “enterprise deployment of voice agents,” TechCrunch ties it to ARR changes and valuation acceleration, and KultureGeek ties it to the cultural and media reach implied by its investor list.