ElevenLabs, a prominent player in the rapidly evolving voice AI sector, has officially bolstered its financial standing by securing a new wave of high-profile investors as part of its $500 million Series D funding round. The latest group of backers includes major financial heavyweights like BlackRock, Wellington, D.E. Shaw, and Schroders. The investment also drew significant interest from corporate giants such as Nvidia, Salesforce Ventures, Santander, KPN, and Deutsche Telekom, alongside notable cultural figures including actors Jamie Foxx and Eva Longoria, as well as ‘Squid Game’ creator Hwang Dong-hyuk.

Alongside this influx of capital, ElevenLabs announced that its annual recurring revenue (ARR) has officially surpassed the $500 million mark. This growth continues a strong upward trajectory for the startup, which reported $450 million in ARR at the end of the first quarter of 2026. The company’s valuation has similarly experienced a meteoric rise, jumping from $6.6 billion in September 2025 to its current valuation of $11 billion as of February.

Strategic partnerships remain a core component of the company’s growth, with recent enterprise contracts signed with major organizations such as Deutsche Telekom, Revolut, and Klarna. Karine Peters, managing director at Deutsche Telekom’s venture arm T.Capital, highlighted the company’s role in setting the standard for quality and security in voice-based customer interactions, noting its potential to reshape industrial AI applications.

In addition to the fundraising, ElevenLabs completed a $100 million tender offer, marking its second such move in half a year. CEO Mati Staniszewski has indicated plans to open investment opportunities to retail participants via Robinhood Ventures, though specific details remain forthcoming. To maintain its technical edge, the firm is also prioritizing the development of human-level AI voice models, recently strengthening its research capabilities by acquiring the team from the Polish startup Papla.