ElevenLabs raises $500 million from BlackRock, NVIDIA, Jamie Foxx, Eva Longoria

Business May 05, 2026

ElevenLabs, the voice AI company, just landed $500 million in new funding.
The round drew big investors like BlackRock and NVIDIA and even brought in Hollywood stars Jamie Foxx and Eva Longoria as backers.

ElevenLabs ARR tops $500 million $11B valuation

Thanks to this cash boost, ElevenLabs's annual recurring revenue surpassed $500 million (up from nearly $350 million at the end of 2025), and its valuation soared from $6.6 billion to $11 billion in just a few months.
The company also signed deals with Deutsche Telekom, Revolut, and Klarna, picked up the team from a Polish AI startup called Papla, and says it's focused on building more "human-level AI voice models" for the future.