ElevenLabs reposted this
Today, ElevenLabs is announcing a $500M Series D at an $11B valuation, led by Sequoia, with a16z quadrupling down and ICONIQ tripling down. It reflects the trust of customers and partners building at the frontier alongside us - and gives us momentum to ship even faster. With this funding, we’re going even deeper with ElevenAgents - our conversational Agents Platform helping enterprises elevate customer experience, revenue teams, and streamline internal operations. The platform has already driven our acceleration to close 2025 with over $330M in ARR, working with enterprises and partners like Deutsche Telekom, Square, Deliveroo, Revolut and the Ukrainian government. As with every new announcement, our priority is shipping. Over the coming days, we’re rolling out a new conversational model for our Agents Platform - one that’s faster and better at understanding and expressing emotion - building on the new v3 model - and our new orchestration, with an improved turn-taking system. You can try an alpha version of it today on our website. There’s still so much more to build, and we’re excited to have incredible investors joining us to help us move faster. Andrew Reed from Sequoia Capital will be joining our board, alongside Andreessen Horowitz & ICONIQ. I have the pleasure of serving with Andrew on the Klarna board and working together closely over the years - a fantastic partner with deep insight into building some of the best companies in the world. Lightspeed, Evantic Capital, and BOND are joining the round as new investors, with continued support from BroadLight Capital, NFDG, Valor Capital Group, AMP Coalition, and Smash Capital. Alongside this, we’re also welcoming a number of amazing strategic partners on the journey, which we’ll share more about in February. Our work today powers a wide range of use cases across agents and the creative space. We’re continuing to build ElevenCreative for creators, brands, and media companies, helping elevate storytelling to new heights. At the heart of it all is our state-of-the-art research, now spanning text-to-speech, speech-to-text, music, dubbing, and conversational models - and here too, we are just getting started. Our mission continues to transform how we interact with technology. When we started ElevenLabs, we couldn’t have imagined the scale and impact today - with an incredible team of 400 doing the best work of their lives - united by mission, passion & focus. We stay hungry, knowing how early this space still is as we build toward IPO and beyond. It’s the first time Piotr Dabkowski and I have filmed together since the early days, which makes sharing this update on behalf of the entire ElevenLabs team who built what we are today feel even more special.