ElevenLabs has surpassed $500 million in annual recurring revenue and announced new investors as part of an expanded Series D funding round. The latest backers include BlackRock, Nvidia through its NVentures arm, and Santander, alongside creative figures such as Jamie Foxx and Eva Longoria. The announcement follows strong revenue growth, with the company reporting $350 million ARR at the end of 2025 and adding $150 million more in the first four months of 2026.
The growth is tied to increasing enterprise adoption of AI-powered voice agents across functions such as customer support, sales, hiring, and marketing. ElevenLabs said large organizations are deploying its tools to enable natural, human-like interactions at scale, often across multiple languages and channels. Institutional investors including Wellington Management and Schroders joined the round, signaling confidence in conversational AI as a core business infrastructure.
Several enterprise customers are also participating as investors. Companies such as Salesforce, Deutsche Telekom, and KPN are already using ElevenLabs’ platform for applications ranging from advertising and product demos to real-time translation and AI-driven customer support. Deutsche Telekom, for example, has deployed voice agents within its network to assist users during live calls, highlighting how telecom providers are integrating AI deeper into core services.
The company is also expanding its reach beyond enterprise and into the creative economy. More than 30 high-profile figures, including filmmaker Hwang Dong-hyuk and actor Matthew McConaughey, are backing the platform. ElevenLabs said these partnerships reflect growing interest among creators in tools that allow them to scale and localize their voices for new audiences and formats.
Enterprise Demand Fuels Voice AI Expansion
The rapid rise in revenue underscores how voice-based AI is becoming a key interface for businesses. Unlike text-based systems, voice interactions require low latency and high realism, making them technically demanding but valuable for customer-facing roles. ElevenLabs’ focus on generating natural-sounding speech positions it within a segment where quality directly affects user trust and engagement.
For enterprises, the appeal lies in automation without sacrificing personalization. AI voice agents can handle high volumes of interactions while maintaining consistent tone and language, which is particularly useful for global companies. The company’s expansion into multilingual capabilities and real-time applications suggests that voice is evolving into a primary communication layer across digital services.
The involvement of financial institutions and strategic investors also indicates that conversational AI is increasingly viewed as long-term infrastructure rather than an experimental technology. This could accelerate adoption across sectors such as banking, telecom, and retail.
From Voice Models to Full-Stack AI Communication
ElevenLabs began by developing high-quality AI voice models, but it is now positioning itself as a broader communication platform. The company plans to integrate audio with image and video generation tools, allowing businesses and creators to produce complete marketing and media assets within a single system.
On the enterprise side, the roadmap includes expanding AI agents beyond voice into chat, email, and other channels. This reflects a shift toward unified AI systems that manage customer interactions across touchpoints. The company is also investing in international expansion, building local teams to tailor deployments to regional markets.
Alongside its funding round, ElevenLabs completed a $100 million tender offer, its second within a year, providing liquidity to employees as the company scales. It currently has more than 500 employees across 50 countries.