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ElevenLabs lists BlackRock, Jamie Foxx and Longoria as new investors
Voice AI company ElevenLabs announced new investors including BlackRock, Jamie Foxx, and Eva Longoria, as part of a $500 million Series D fundraising. The startup reported an increase in Annual Recurring Revenue to over $500 million and a significant valuation growth from $6.6 billion to $11 billion. The CEO emphasizes the need for high-quality AI voice interactions to build consumer trust.
Key points
- ElevenLabs raised $500 million in Series D funding, with new investors like BlackRock, Jamie Foxx, and Eva Longoria.
- The company surpassed $500 million in Annual Recurring Revenue (ARR) after previously ending the year at nearly $350 million.
- CEO Mati Staniszewski reported an addition of $100 million in net new ARR in Q1 2026, reaching approximately $450 million.
- Valuation grew from $6.6 billion last September to $11 billion in February.
- Contracts signed with major enterprises like Deutsche Telekom, Revolut, and Klarna.
- ElevenLabs emphasizes the need for 'human-level AI voice models' for customer trust.
Why it matters
- The trend towards AI-enabled customer interactions in 2025 reflects increasing investment in voice AI technologies.
- Previous investments in AI startups have often been driven by the need for enhanced customer engagement and automation.
- The rise of voice AI tools parallels a greater focus on user experience in technology solutions, aligning with market demands for efficient service delivery.
The infusion of capital from notable investors highlights ElevenLabs' role as a leader in voice AI, reinforcing its commitment to improving consumer trust through high-quality AI interactions.