Voice AI company Eleven Labs has revealed new investors as part of its $500 million Series D funding first announced in February. Additions include institutions such as BlackRock, Wellington, DE Shaw, and Schroders. Companies such as NVIDIA, Salesforce, Santander, KPN, and Deutsche Telekom. There are also individual investors such as Jamie Foxx, Eva Longoria, and Squid Game creator Hwang Dong-hyuk.
The company also noted that its annual recurring revenue (ARR) exceeded $500 million, after ending last year with nearly $350 million. Matty Staniszewski, the company's co-founder and CEO, said last month that Eleven Labs added $100 million in net new ARR in the first quarter of 2026, ending the quarter with approximately $450 million in ARR.
The company's valuation has also rapidly accelerated, increasing from $6.6 billion in September last year to $11 billion in February of this year.
“Voice is the highest-stakes channel for customer interaction, and the quality, latency, and security hurdles are extremely high. ElevenLab is becoming more than just a category leader, it's an enabler of the foundation for Deutsche Telekom's broader industrial AI vision. From Voice-as-a-Service to multilingual automation and in-network AI agents, we believe the company is uniquely positioned to reshape the way businesses interact with customers across all channels.” Peters said. Managing Director of Deutsche Telekom's venture arm T. Capital said in a statement.
In the past quarter, the voice AI company signed enterprise deals with Deutsche Telekom, Revolut, Klarna, and more.
In addition to the financing, Eleven Labs said it also completed a $100 million bid. This is the company's second bid in about six months since it made a bid in September last year. Staniszewski said in a blog post that the company will give individual investors the opportunity to invest in ElevenLabs through Robinhood Ventures, but did not provide details about the program.
Staniszewski noted that consumers won't trust systems that sound like robots or have “strange interactions” and emphasized the importance of building “human-level AI voice models.” Last month, the company acquired a team from Polish voice AI startup Papla to strengthen its research team.
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