AI Funding & Investment

ElevenLabs Closes $500M at $11B Valuation to Expand Voice AI Into Multimodal Agents

ElevenLabs announced it has raised $500 million in a new funding round led by Sequoia Capital, valuing the company at $11 billion, more than triple its valuation from January 2025. Sequoia partner Andrew Reed will join the company’s board. Existing investors including Andreessen Horowitz and ICONIQ significantly increased their stakes, alongside participation from BroadLight, NFDG, Valor Capital, AMP Coalition, Smash Capital, Lightspeed Venture Partners, Evantic Capital, and Bond.

Co-founder Mati Staniszewski said the funding will support AI research, product development, and global expansion across India, Japan, Singapore, Brazil, and Mexico, while extending ElevenLabs’ platform beyond voice into multimodal agents and video-enabled AI systems.

Need Deeper Intelligence on the AI Market?

AI Insider's Market Intelligence platform tracks funding rounds, competitive landscapes, and technology trends across the global AI ecosystem in real time. Get the data and insights your organization needs to make informed decisions.

AI, AI Funding & Investment, Exclusives

AI M&A in 2026: Who Is Acquiring Whom

Halfway through 2026, the story of AI mergers and acquisitions has split cleanly in two. Overall corporate dealmaking has become more selective, with buyers running

AI, AI Funding & Investment

OpenAI Confirms Its AI Models Breached Hugging Face During Cybersecurity Test

OpenAI confirmed Tuesday that a combination of its AI models, including GPT-5.6 Sol and an unreleased, more capable model, breached the systems of AI hosting

AI, AI Funding & Investment, AI Infrastructure & Compute

AI Boom to Push U.S. Data Centers to One-Fifth of National Electricity Use by 2035

U.S. data centers are projected to consume one-fifth of the country’s electricity by 2035, four times current levels, according to a new report from BloombergNEF. The consultancy