ElevenLabs Crosses $500 Mn ARR, Adds BlackRock, NVIDIA Among New Investors

AI voice company ElevenLabs said it has crossed $500 million in annual recurring revenue (ARR) within the first four months of 2026, as it brought in new investors including BlackRock, Wellington Management, NVIDIA (via NVentures) and Santander.

The company also drew investment from entertainment and creative professionals, including Jamie Foxx, Eva Longoria, and Squid Game creator Hwang Dong-hyuk, along with existing investor Matthew McConaughey.

The investment marks the third close of ElevenLabs’ Series D round. New institutional investors also include D. E. Shaw and Schroders.

“We ended 2025 with $350 million in ARR, and in the first four months of 2026, we have already surpassed $500 million ARR,” the company said in a statement.

The latest growth is driven by enterprises deploying voice-based AI agents across customer support, sales, hiring, and marketing functions.

ElevenLabs said it will use the funding to expand research and product development across voice, video, and image generation, and to build agents that operate across voice, chat, and email channels. The company also plans to expand internationally with local teams.

“Every major enterprise will communicate with its customers and audiences through AI agents,” said Rob Mazzoni of Wellington Management. “The companies that power natural, human-like interactions at scale will become critical global infrastructure.”

Several enterprise users of ElevenLabs have also invested in the company. These include NVIDIA, Salesforce, Santander, KPN, and Deutsche Telekom.

The company said it will allow retail investors to invest in ElevenLabs through Robinhood Ventures.

Deutsche Telekom said it is using ElevenLabs’ platform for customer support agents, real-time translation during calls, and marketing content.

“Voice is the highest-stakes channel for any customer interaction, and the bar for quality, latency and security is extremely high,” said Karine Peters of T.Capital, the investment arm of Deutsche Telekom. “ElevenLabs is becoming a foundational enabler of Deutsche Telekom’s broader Industrial AI vision.”

The company has 530 employees across more than 50 countries and said it recently completed a $100 million tender offer alongside its Series D round.