ElevenLabs, an AI voice tech company that creates ultra-realistic text-to-speech, voice cloning, and conversational audio tools, secured $500 million in Series D funding to reach an $11 billion valuation. The round, led by Sequoia Capital, followed a year during which the company generated over $330 million in annual recurring revenue. The capital is funding the expansion of its enterprise agent platform and research into emotional conversational models.
