ElevenLabs Hits $500M Revenue, Lands Celebrity Investors

ElevenLabs has extended its Series D funding round, attracting Nvidia's NVentures, BlackRock, Wellington Management, and over 30 entertainment figures including Jamie Foxx and Eva Longoria. The AI audio startup, valued at $11 billion after its initial $500 million raise in February, also closed a $100 million tender offer alongside the extension. The company's annualized recurring revenue surged to $500 million from $350 million at the start of 2026. ElevenLabs plans to use the new capital to expand international customer service teams and add video generation features to its ElevenCreative platform.