Voice AI startup ElevenLabs says its annual recurring revenue has crossed $500 million in early 2026. The company also raised additional funds in its Series D round, valuing it at $11 billion. Management says the new capital will accelerate platform upgrades and global expansion, with a focus on more human-like AI communication.
ElevenLabs says it has reached $500M in annual recurring revenue as voice AI moves closer to everyday enterprise workflows. The company also announced new investors spanning major finance and high-profile entertainment, while expanding its footprint for businesses. The update underscores how quickly voice AI is shifting from novelty to critical interface technology.
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ElevenLabs, known for voice AI, is moving into music with ElevenMusic. The new platform aims to help users create and discover AI generated tracks, extending the company’s speech technology into a broader creative workflow. While details are still emerging, the launch signals intensifying competition to turn generative AI into everyday audio tools.
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