tech

February 4, 2026

ElevenLabs raises $500M from Sequioia at a $11 billion valuation

ElevenLabs' valuation has raised more than three times in the last twelve months.

ElevenLabs raises $500M from Sequioia at a $11 billion valuation

TL;DR

  • ElevenLabs raised $500 million in a funding round led by Sequoia Capital.
  • The company is now valued at $11 billion, over three times its January 2025 valuation.
  • Existing investors a16z quadrupled their investment, and ICONIQ tripled theirs.
  • The funds will support research, product development, and expansion into international markets.
  • ElevenLabs plans to expand beyond voice to include video and agent capabilities.
  • The company closed the year with $330 million ARR.
  • Rival Deepgram raised $130 million at a $1.3 billion valuation earlier this year.

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