ElevenLabs Raises $500M at $11B Valuation, Surpasses Prior Fundraise

[Para 1: The Lead] ElevenLabs, a voice-cloning AI startup, has surpassed its previous funding milestone, raising $500 million at a $11 billion valuation, according to a report by The Wall Street Journal. This marks a significant valuation increase from its $3.3 billion valuation in January 2025 following a $180 million funding round. [Para 2-3: Supporting details & Context] The company, led by CEO Mati Staniszewski, reported $330 million in annual recurring revenue last year, aiming to double this figure in the current year. The Series D funding was led by Sequoia Capital. With an estimated $330 million in annual recurring revenue, ElevenLabs is poised for substantial growth, underscoring its rapid rise in the AI industry. The funding round not only reflects investor confidence but also positions ElevenLabs as a leading player in the AI voice technology sector.