ElevenLabs, a leader in voice AI technology, announced it has secured new partners in a $500 million Series D funding round. The list includes major financial institutions such as BlackRock, Wellington, D.E. Shaw, and Schroders, as well as tech giants like NVIDIA, Salesforce Ventures, Santander, KPN, and Deutsche Telekom. This was reported by Techcrunch.com .
The investment round also includes prominent figures. Specifically, actors Jamie Foxx, Eva Longoria, and Squid Game creator Hwang Dong-hyuk have invested in the company. ElevenLabs announced that its Annual Recurring Revenue (ARR) has exceeded $500 million. The company's valuation, which stood at $6.6 billion last September, reached $11 billion by February of this year.
CEO Mati Staniszewski emphasized the importance of creating human-level voice models. According to him, users do not trust robotic or unnatural-sounding systems. For this reason, ElevenLabs has acquired the team from the Polish startup Paplato to strengthen its research group.
Furthermore, ElevenLabs plans to offer private investors the opportunity to purchase company shares through Robinhood Ventures. Currently, the company has already signed partnership agreements with major corporations such as Deutsche Telekom, Revolut, and Klarna.
Read “Zamin” on Telegram!
