ElevenLabs Raises $500M Series D at $11B Valuation

ElevenLabs Reaches $11B Valuation

AI voice platform ElevenLabs has raised $500 million in a Series D led by Sequoia at an $11 billion valuation. The round cements ElevenLabs' position as the dominant platform in generative voice and audio AI, a category that has evolved from novelty to essential infrastructure for media, entertainment, and enterprise applications.

The Voice AI Platform Leader

ElevenLabs has built the most comprehensive voice AI platform in the market, offering text-to-speech, voice cloning, dubbing, and audio generation capabilities that set the industry standard for quality and naturalness. The platform serves a broad range of use cases from content creation and localization to accessibility and enterprise customer communication. With 500M+ in new capital, the company is positioned to expand its platform capabilities and deepen its moat in the rapidly growing voice AI market.

Why the $11B Valuation Makes Sense

Sequoia's willingness to lead at $11B reflects the conviction that voice AI will become as ubiquitous as text-based AI. As AI-generated content proliferates across video, podcasts, gaming, and enterprise communication, the demand for high-quality voice synthesis grows proportionally. ElevenLabs' technology advantage, brand recognition, and developer ecosystem create powerful network effects that justify a premium valuation relative to competitors.