Overview
- The Series D was led by Sequoia, with Lightspeed Venture Partners and Evantic Capital joining alongside existing backers Andreessen Horowitz and ICONIQ.
- The new valuation more than triples the $3.3 billion figure set in January 2025.
- ElevenLabs reported over $330 million in 2025 annual recurring revenue, and CEO Mati Staniszewski told the Wall Street Journal he aims to double that in 2026.
- Core products include the ElevenAgents conversational platform with sub-100 millisecond responses and a v3 voice model for expressive speech and multilingual dubbing.
- Expansion plans target markets such as Paris, Singapore and Brazil with increased R&D, while usage is also growing through OpenClaw ecosystem integrations.