Nvidia-backed AI voice startup ElevenLabs hits $11 billion valuation in fresh fundraise, as it eyes IPO [CNBC]
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Source: CNBC
The round more than triples the valuation the London-based company picked up when it raised in January 2025. Global funding for AI startups hit record levels in 2025. In this article AI startup ElevenLabs announced on Wednesday it had raised $500 million at an $11 billion valuation, as it eyes a potential IPO. Sequoia Capital led the round, with participation from existing backers Andreessen Horowitz and Iconiq, as well as new investors Lightspeed Venture Partners, Evantic Capital, and Bond. The raise more than triples the $3.3 billion valuation ElevenLabs hit after a $180 million Series C in January 2025. Cofounder Mati Staniszewski said Nvidia had invested in the company in September. Founded in 2022, the London-based company initially developed AI text-to-speech models, before expanding into areas such as speech-to-text, sound effects, dubbing, music and conversation. It sells products enabling enterprises to deploy voice and chat agents, as well as a platform for br
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