ElevenLabs reveals new investors and closes $100m tender
Updated
Updated · TechCrunch · May 5
ElevenLabs reveals new investors and closes $100m tender
3 articles · Updated · TechCrunch · May 5
The voice AI startup said BlackRock, Wellington, D.E. Shaw, Schroders, Nvidia, Salesforce and Jamie Foxx joined its $500 million Series D round.
It also said annual recurring revenue has now surpassed $500 million, up from roughly $450 million at the end of the first quarter and nearly $350 million at end-2025.
Valued at $11 billion in February, ElevenLabs recently signed enterprise deals with Deutsche Telekom, Revolut and Klarna, acquired Polish startup Papla's team, and plans a retail investment option through Robinhood Ventures.
With experts calling today's AI obsolete soon, is ElevenLabs' $11B valuation built on a technological house of cards?
The AI boom is driving trillions in spending, but what is the hidden environmental cost of creating a perfect digital voice?
As AI perfectly mimics human emotion, how will marketplaces prevent the value of real human voices from collapsing?