ElevenLabs raises $500 million at over $11B valuation
AI startup ElevenLabs, founded by Mati Staniszewski and Piotr Dabkowski, has raised a massive $500 million in fresh funding—shooting its valuation to $11 billion, up from $6.6 billion.
The round was led by Sequoia Capital, with Andrew Reed joining the board.
New investors join the funding frenzy
Big names like Andreessen Horowitz and ICONIQ have seriously upped their stakes, while newcomers Lightspeed Venture Partners, Evantic Capital, and BOND are joining in.
With this cash boost, ElevenLabs wants to level up its AI tech and grow worldwide.
Their audio AI tools are a hit
ElevenLabs builds audio AI tools—think text-to-speech, dubbing, music generation, sound effects, and even conversational bots.
Their platform is used by companies like Meta, Salesforce, Duolingo, Deutsche Telekom, and Revolut for everything from customer support to content creation.
ElevenLabs recently raised $500 million in fresh funding.
They've gone global, with big clients in India
They're global now—with offices in 14 cities (including Bengaluru).
They handle about 60,000 support calls for one client, and nearly 50,000 outbound calls every month for IDFC Bank.