Sequoia-Led, Company Value Triples in 1 Year
- $500 Million Investment Attracted Led by Sequoia Capital
- Company Value $11 Billion – Tripled in 1 Year
- Largest Investment in Voice AI Field
What Happened?
Voice AI startup ElevenLabs has attracted a $500 million investment led by Sequoia Capital.[TechCrunch] The company value is $11 billion. Sequoia’s partner Andrew Reed will join the board of directors.
ElevenLabs was founded in 2022 by Polish founders. It provides text-to-speech, voice cloning, and AI dubbing.[Wikipedia]
Why is it Important?
12 months ago, the company value was $3.3 billion. It reached $6.6 billion in September 2025 and now $11 billion.[Sacra] It has more than tripled in one year.
Eleven v3, released in June 2025, supports more than 70 languages. It is being used in various industries such as YouTubers, game developers, and publishers. It also targets the enterprise market with a real-time voice agent platform.
What Will Happen Next?
The funds are expected to be invested in R&D and global expansion. It remains to be seen whether it can maintain its voice quality advantage in competition with big tech companies such as OpenAI and Google.
Frequently Asked Questions (FAQ)
Q: What kind of company is ElevenLabs?
A: It is a voice AI company founded in 2022. It provides text-to-speech, voice cloning, AI dubbing, and voice agent platforms. It achieved a company value of $11 billion in just 3 years since its founding.
Q: Who are the existing investors?
A: a16z, Sequoia, and ICONIQ Growth are major investors. It joined the unicorn ranks in January 2024 and has continued to grow since then through Series C.
Q: What is ElevenLabs’ main technology?
A: The Eleven v3 model is the core. It supports more than 70 languages and enables emotional expression and multi-speaker conversations. Scribe v2 has the highest level of voice-to-text conversion accuracy in the industry.
If this article was helpful, please subscribe to AI Digester.
Reference Materials
- ElevenLabs raises $500M from Sequoia at a $11 billion valuation – TechCrunch (2026-02-04)
- ElevenLabs raises $180M Series C – ElevenLabs Blog (2025-01-30)
- ElevenLabs revenue, valuation & funding – Sacra (2025)