ElevenLabs announced on May 6, 2026 that it crossed $500 million in annual recurring revenue and secured additional investors in its Series D funding round at an $11 billion valuation. The voice AI company grew from $350 million ARR at the end of 2025 to over $500 million during the first four months of 2026, representing approximately 43% growth in a single quarter. The expanded investor roster includes BlackRock, NVIDIA, Salesforce, and entertainment industry figures.
Revenue Growth Accelerates to $500M ARR in First Four Months of 2026
ElevenLabs ended 2025 with $350 million in annual recurring revenue and surpassed $500 million ARR during the first four months of 2026. This growth trajectory represents approximately 43% ARR expansion in just four months, driven by enterprise deployments of AI voice agents across customer support, sales, hiring, and marketing operations. Companies are using ElevenLabs' voice synthesis technology to automate voice-based interactions at scale, fueling the rapid revenue acceleration.
Series D Expands to Include Major Financial and Technology Institutions
The $500 million Series D round, originally led by Sequoia Capital and announced in February 2026, added major institutional investors in May. New backers include financial institutions BlackRock and Wellington, technology companies NVIDIA, Salesforce, and Deutsche Telekom, and entertainment figures Jamie Foxx, Eva Longoria, and Hwang Dong-hyuk (director of Squid Game). Existing investor Matthew McConaughey continued his backing. The $11 billion valuation positions ElevenLabs among the most highly valued AI infrastructure companies.
NVIDIA and BlackRock Participation Signals Institutional Confidence
The participation of NVIDIA and BlackRock represents strong institutional validation of the voice AI market's growth potential. NVIDIA's investment aligns with its broader AI infrastructure strategy, while BlackRock's involvement signals mainstream financial institution confidence in voice synthesis technology. The involvement of entertainment industry figures including Jamie Foxx, Eva Longoria, and Squid Game director Hwang Dong-hyuk suggests recognition of ElevenLabs' technology for content creation and media applications beyond traditional enterprise use cases.
Funding to Support Natural Voice Development and Global Expansion
ElevenLabs plans to use the funding to make its AI voices sound even more natural and expand globally. The investment will support continued research and development in voice synthesis technology and international market expansion. The company's rapid ARR growth demonstrates strong product-market fit in enterprise voice automation, with customers deploying the technology across multiple business functions including customer service, sales operations, recruitment, and marketing communications.
Key Takeaways
- ElevenLabs grew from $350 million to $500 million in annual recurring revenue during the first four months of 2026, representing approximately 43% growth in a single quarter
- The company secured additional investors in its $500 million Series D round at an $11 billion valuation, originally led by Sequoia Capital in February 2026
- Major new investors include BlackRock, Wellington, NVIDIA, Salesforce, Deutsche Telekom, and entertainment figures Jamie Foxx, Eva Longoria, and Hwang Dong-hyuk
- Enterprise deployments across customer support, sales, hiring, and marketing operations are driving rapid ARR expansion
- Funding will support R&D to improve voice naturalness and fuel international market expansion beyond current operations