Overview
ElevenLabs, a London and NYC-based provider of audio AI and conversational voice platform, raised $500 million in Series D funding at an $11 billion valuation. The round was led by Sequoia Capital, with participation from Andreessen Horowitz, Iconiq Growth, Lightspeed Venture Partners, Evantic Capital, and Bond. Andrew Reed from Sequoia joined the company as part of the funding.
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Investors: Sequoia Capital, Andreessen Horowitz, Iconiq Growth, Lightspeed Venture Partners, Evantic Capital, Bond
ElevenLabs, a London and NYC-based provider of audio AI and conversational voice platform, raised $500 million in Series D funding at an $11 billion valuation. The round was led by Sequoia Capital, with participation from Andreessen Horowitz, Iconiq Growth, Lightspeed Venture Partners, Evantic Capital, and Bond. Andrew Reed from Sequoia joined the company as part of the funding.
Investors: Sequoia
ElevenLabs, a UK-based AI firm, has secured a $500 million Series D investment, raising its valuation to $11 billion. The funding, led by US investment group Sequoia, aims to enhance its AI-generated audio technology and conversational agents platform, which improves customer experience and internal operations. The company reported an annual recurring revenue of $330 million, solidifying its position as the UK's most valuable AI business.
ElevenLabs is seeking to raise hundreds of millions of dollars in a funding round that could value the voice AI company at approximately $11 billion, nearly doubling its previous valuation of $6.6 billion. Founded in London in 2022, ElevenLabs develops AI tools for generating lifelike synthetic voices, addressing needs in customer service and text-to-speech. The company reported $330 million in annual recurring revenue last year and serves notable clients like Epic Games and Cisco.