Voice AI company ElevenLabs has secured a substantial $500 million Series D funding round, with notable investors such as BlackRock and Jamie Foxx joining the fray.
The startup has also surpassed $500 million in Annual Recurring Revenue (ARR), up from nearly $350 million last year. Its co-founder, Mati Staniszewski, boasted a significant increase in ARR by $100 million in Q1 2026, bringing the total to around $450 million.
ElevenLabs’ rapid growth has seen its valuation soar from $6.6 billion last September to $11 billion this February. Karine Peters of Deutsche Telekom’s venture arm T. Capital highlighted ElevenLabs as a key player in voice technology, noting its potential to shape customer interactions across all channels.
In the past quarter, enterprise contracts with Deutsche Telekom, Revolut and Klarna have further cemented ElevenLabs’ position. The company has also launched a $100 million tender, offering retail investors an opportunity to invest via Robinhood Ventures.
With consumer trust in AI voice systems being paramount, ElevenLabs continues to focus on developing human-like voice models. To support this, the company recently acquired Papla’s team, a Polish voice AI startup, to bolster its research efforts.
