ElevenLabs Surpasses $500M ARR as BlackRock, Nvidia and Celebrity Investors Join $500M Series D

Voice AI company ElevenLabs has disclosed the full investor lineup for its $500 million Series D, originally announced in February at an $11 billion valuation. New backers span institutional giants BlackRock, Wellington, and D.E. Shaw; corporate strategics including Nvidia, Salesforce Ventures, and Deutsche Telekom; and celebrities Jamie Foxx, Eva Longoria, and Squid Game creator Hwang Dong-hyuk.

Karine Peters of Deutsche Telekom’s venture arm described ElevenLabs as a foundational enabler of industrial AI, citing the high bar for quality and security in voice-based customer interactions.

Co-founder and CEO Mati Staniszewski reported the company crossed $500 million in ARR, up from roughly $350 million at year-end. Staniszewski has emphasized that winning enterprise trust requires genuinely human-level AI voice models, not robotic-sounding systems. Recent enterprise clients include Revolut and Klarna.