Voice AI firm ElevenLabs revealed new buyers which can be a part of its $500 million Sequence D fundraise, which was first announced in February. The additions embrace establishments resembling BlackRock, Wellington, D.E. Shaw, and Schroders; enterprises like Nvidia, Salesforce Ventures, Santander, KPN, and Deutsche Telekom; and particular person buyers resembling Jamie Foxx, Eva Longoria, and Squid Sport creator Hwang Dong-hyuk.
The startup additionally famous that it surpassed $500 million in ARR (annual recurring income), after ending last year with nearly $350 million in ARR. The corporate’s co-founder and CEO, Mati Staniszewski, stated final month that ElevenLabs added $100 million in net new ARR in Q1 2026, ending the quarter at roughly $450 million in ARR.
The corporate has additionally accelerated its valuation quickly, rising from $6.6 billion final September to $11 billion this February.
“Voice is the highest-stakes channel for any buyer interplay, and the bar for high quality, latency, and safety is extraordinarily excessive. ElevenLabs is not only a class chief – it’s changing into a foundational enabler of Deutsche Telekom’s broader Industrial AI imaginative and prescient. From voice-as-a-service to multilingual automation and in-network AI brokers, we consider the corporate is uniquely positioned to reshape how companies work together with prospects throughout all channels,” Karine Peters, managing director at Deutsche Telekom’s enterprise arm T.Capital, stated in a press release.
Previously quarter, the voice AI firm has signed enterprise contracts with the likes of Deutsche Telekom, Revolut, and Klarna.
ElevenLabs stated that, in addition to the fundraising, it additionally closed a $100 million tender, a second in roughly six months after the corporate issued one final September. Staniszewski said in a blog post that the corporate will give a possibility to retail buyers to spend money on ElevenLabs by way of Robinhood Ventures, however didn’t present particulars about this system.
Staniszewski famous that customers gained’t belief programs that sound robotic or “work together unusually” and emphasised the significance of constructing “human-level AI voice fashions.” Final month, the corporate acquired the team from Polish voice AI startup Papla to bolster its analysis group.
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