Voice AI company ElevenLabs was revealed new investors that are part of the $500 million Series D round of funding first announced in February. Additions include institutions such as BlackRock, Wellington, DE Shaw and Schroders. businesses such as Nvidia, Salesforce Ventures, Santander, KPN and Deutsche Telekom. and individual investors such as Jamie Foxx, Eva Longoria and Squid Game creator Hwang Dong-hyuk.
The startup also noted that it surpassed $500 million in ARR (annual recurring revenue), after the end of last year with nearly $350 million in ARR. The company’s co-founder and CEO, Mati Staniszewski, said last month that ElevenLabs added $100 million in net new ARR in Q1 2026ending the quarter at approximately $450 million in ARR.
The company also accelerated its valuation quickly, rising from $6.6 billion last September to $11 billion in February.
“Voice is the highest-stakes channel for any customer interaction, and the bar for quality, latency and security is extremely high. ElevenLabs is not just a category leader – it is becoming a fundamental player in Deutsche Telekom’s broader industrial AI vision. From voice-as-a-service to multilingual automation and how we are repositioning the company to network with customers across all channels,” he said in said Karine Peters, managing director at Deutsche Telekom’s business arm, T.Capital.
Last quarter, the voice AI company signed business contracts with companies such as Deutsche Telekom, Revolut and Klarna.
ElevenLabs said that in addition to raising funds, it also closed a $100 million tender, its second in about six months after the company issued one last September. Staniszewski he said in a blog post that the company will provide an opportunity for retail investors 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 robotic or “interact strangely” and stressed the importance of creating “human-level AI voice models.” Last month, the company acquired the team at Polish voice AI startup Papla to strengthen its research team.
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