ElevenLabs, a fast-growing artificial intelligence startup focused on voice technology, has raised $500 million in fresh funding, pushing its valuation to $11 billion.
The Series D round was led by Sequoia Capital, with existing investors such as Andreessen Horowitz and ICONIQ also participating, along with new backers. The company is known for its advanced text-to-speech and voice cloning tools used in media, gaming, and enterprise applications.
ElevenLabs plans to use the funds to strengthen research, develop new AI products, and expand globally, reflecting growing demand for realistic and scalable voice AI solutions.