ElevenLabs builds AI voice models and provides voice-as-a-service offerings aimed at enterprise customers, including multilingual automation and in-network AI agent use cases. The company has secured enterprise contracts with customers such as Deutsche Telekom, Revolut, and Klarna. ElevenLabs reported rapid revenue growth, ending last year with nearly $350 million in ARR, adding $100 million in net new ARR in Q1 2026 to reach roughly $450 million, and later surpassing $500 million in ARR. Its valuation climbed from $6.6 billion in September to $11 billion in February. The startup recently acquired the team from Polish voice AI startup Papla to bolster its research capabilities. It has also completed a $100 million tender and is enabling retail investment via Robinhood Ventures as part of its fundraising activity.

Total raised

$812M

Funding rounds

10

Latest round

Equity

Latest activity

Jun 2026