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ElevenLabs lists BlackRock, Jamie Foxx and Eva Longoria as new investors
Voice AI company ElevenLabs has secured new investments from notable entities like BlackRock and celebrities Jamie Foxx and Eva Longoria as part of its $500M Series D fundraising, enhancing its position as a key player in the voice AI market with an ARR surpassing $500M and a valuation of $11B.
Key points
- ElevenLabs announced new investors in its $500M Series D fundraise, including BlackRock, Wellington, NVIDIA, Salesforce, Jamie Foxx, and Eva Longoria.
- The company has grown its ARR from nearly $350M to over $500M, with $100M added in Q1 2026.
- ElevenLabs' valuation increased from $6.6B to $11B in several months, indicating rapid growth.
- Karine Peters from Deutsche Telekom highlighted ElevenLabs as pivotal in transforming customer interactions through voice technology.
- The startup signed new enterprise contracts with companies like Deutsche Telekom, Revolut, and Klarna, indicating strong market demand.
Why it matters
- The investment from prominent financial and tech institutions reflects a growing interest in AI technologies within the $500B global AI market.
- Celebrity investments like those from Jamie Foxx and Eva Longoria signal a blending of traditional investment with entertainment to appeal to broader audiences.
- The trend aligns with the increasing focus on AI-driven customer interactions and enhancements in user experience that have been accelerated by the COVID-19 pandemic.
The involvement of high-profile investors and rapid growth positions ElevenLabs at the forefront of voice AI technology, indicating its potential to shape customer engagement strategies across industries.