ElevenLabs is solidifying its position as the titan of synthetic audio, closing a $500 million Series D round that catapults its valuation to $11 billion. This milestone follows a year of explosive growth where the company hit $330 million in annual recurring revenue—a key metric for subscription-based businesses—largely fueled by enterprise deals with giants like Deutsche Telekom and Square. While the startup began with hyper-realistic text-to-speech, this capital infusion marks a pivot toward sophisticated, action-oriented systems that go beyond mere playback.

The centerpiece of this expansion is ElevenAgents, an enterprise-grade platform that allows businesses to deploy interactive voice agents capable of handling sales and support. To power these interactions, ElevenLabs is rolling out its Eleven v3 model, which focuses on low-latency turn-taking and improved expressiveness to ensure AI conversations feel natural rather than robotic. By integrating these models into a full audio stack—encompassing transcription, music generation, and dubbing—the company aims to create technology that adapts to human communication rather than forcing users to navigate traditional menus.

Led by Sequoia Capital and supported by aggressive backing from Andreessen Horowitz, the funding will also fuel a massive global expansion. ElevenLabs is establishing locally embedded teams in hubs from Tokyo to São Paulo to drive adoption of its Creative and Agent platforms. Ultimately, the founders envision a future of audio general intelligence, where AI can understand and produce any sound or speech with human-level nuance, fundamentally redefining how we interface with the digital world.

ElevenLabs is solidifying its position as the titan of synthetic audio, closing a $500 million Series D round that catapults its valuation to $11 billion. This milestone follows a year of explosive growth where the company hit $330 million in annual recurring revenue—a key metric for subscription-based businesses—largely fueled by enterprise deals with giants like Deutsche Telekom and Square. While the startup began with hyper-realistic text-to-speech, this capital infusion marks a pivot toward sophisticated, action-oriented systems that go beyond mere playback.

The centerpiece of this expansion is ElevenAgents, an enterprise-grade platform that allows businesses to deploy interactive voice agents capable of handling sales and support. To power these interactions, ElevenLabs is rolling out its Eleven v3 model, which focuses on low-latency turn-taking and improved expressiveness to ensure AI conversations feel natural rather than robotic. By integrating these models into a full audio stack—encompassing transcription, music generation, and dubbing—the company aims to create technology that adapts to human communication rather than forcing users to navigate traditional menus.

Led by Sequoia Capital and supported by aggressive backing from Andreessen Horowitz, the funding will also fuel a massive global expansion. ElevenLabs is establishing locally embedded teams in hubs from Tokyo to São Paulo to drive adoption of its Creative and Agent platforms. Ultimately, the founders envision a future of audio general intelligence, where AI can understand and produce any sound or speech with human-level nuance, fundamentally redefining how we interface with the digital world.