Krux
March 15, 2026
ElevenLabs Triples Valuation to $11B in One Year
Published: March 15, 2026 at 12:30 AM
Updated: March 15, 2026 at 12:30 AM
100-word summary
ElevenLabs just closed a $500 million Series D led by Sequoia, hitting an $11 billion valuation. That's up from $3.3 billion just 13 months ago. The voice AI startup is spreading cash across 15 cities on six continents, betting that whoever owns local voice infrastructure wins the next wave of AI apps. The round signals investors think voice will become as fundamental to software as text input. ElevenLabs is expanding beyond audio into video and pushing hard to sign enterprise customers who need voices that don't sound like robots. Sequoia's Andrew Reed is joining the board.
What happened
ElevenLabs just closed a $500 million Series D led by Sequoia, hitting an $11 billion valuation. That's up from $3.3 billion just 13 months ago. The voice AI startup is spreading cash across 15 cities on six continents, betting that whoever owns local voice infrastructure wins the next wave of AI apps. The round signals investors think voice will become as fundamental to software as text input. ElevenLabs is expanding beyond audio into video and pushing hard to sign enterprise customers who need voices that don't sound like robots.
Why it matters
Sequoia's Andrew Reed is joining the board.