ElevenLabs raises $180 million, valuation soars to $3.3 billion
Voice AI startup ElevenLabs has raised $180 million in a series C funding round, tripling the company’s valuation to $3.3 billion within a year.
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The round was co-led by its long-time backer a16z (Andreessen Horowitz, Silicon Valley’s venture capital firm) along with ICONIC Growth. Existing investors Sequoia Capital, Salesforce Ventures, Smash Capital, SV Angel, NFDG and BroadLight Capital also participated in the round, ElevenLabs said in a release on Friday.
The US-based voice AI leader has raised a total funding of $281 million across four rounds since its founding in 2022.
“Speech is how we naturally communicate. This funding moves us closer to a world where digital interactions happen by voice—fluid, natural, and as effortless as a conversation,” said Mati Staniszewski, CEO of ElevenLabs.
In 2025, the company will focus on conversational AI agents and expanding voice tools and features to mobile for broader use. Among key markets, ElevenLabs will expand presence in regions like Asia, LATAM and EMEA, it said.
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