ElevenLabs, Backed by Nvidia, Valuation Soars 300% in a Month to $11B Post $500M Financing - NASDAQ: ELEV

[Para 1: The Lead] ElevenLabs, backed by Nvidia, has seen its valuation skyrocket 300% in less than a month following a $500M financing round, now valued at $11B. This marks a significant leap from its $3.3B valuation post-C round financing in September. [Para 2-3: Supporting details & Context] The financing, led by Sequoia Capital, with continued backing from Andreessen Horowitz and Iconiq Capital, alongside new investors LightSpeed Venture Partners, Evantic Capital, and Bond. Nvidia, an early strategic investor, has been pivotal in the company's growth. Founded in 2022, ElevenLabs, headquartered in London, has expanded from AI text-to-speech technology to include voice recognition, sound synthesis, music creation, and conversational AI, serving clients like Time, Nvidia, Deutsche Telekom, and Revolut, among others, supporting major tech giants' metaverse and user experience projects. With annual recurring revenue surpassing $330M in 2025, enterprise commercialization has become the core driver of growth. The funds will be used to expand beyond single voice scenarios, redefining human-computer interaction, and accelerating the construction of a 'dialog + operation' smart assistant ecosystem. ElevenLabs is also accelerating its global expansion, with subsidiaries established in Europe, Brazil, India, Japan, South Korea, and Mexico, paving the way for an IPO.