AI voice startup ElevenLabs announced its annualized recurring revenue (ARR) has crossed $500 million. That's up from $350 million just four months ago — a 43% jump fueled by enterprises deploying AI voice agents across customer service, sales, and recruiting.
Alongside the growth spurt, ElevenLabs closed a third tranche of its Series D funding round. The investor list spans finance, tech, and entertainment: BlackRock, D.E. Shaw, and Wellington on the finance side; Nvidia (via NVentures), Salesforce, and Deutsche Telekom on the tech side; and in entertainment, a who's who including Oscar winner Jamie Foxx, actress Eva Longoria, Squid Game director Hwang Dong-hyuk, and more than 30 other celebrities investing for the first time. ElevenLabs also made shares available to retail investors through Robinhood Ventures.
The company simultaneously completed a $100 million secondary sale, giving employees a second chance to cash out in less than a year. ElevenLabs now employs 530 people across more than 50 countries.