ElevenLabs Surpasses $500M ARR, Adds BlackRock and Nvidia to Series D
ElevenLabs
ElevenLabs disclosed that its annualized recurring revenue crossed $500 million in Q1 2026, up from $350 million at year-end 2025. The company revealed the third close of its Series D fundraise (originally announced in February at an $11B valuation), adding BlackRock, Wellington, Nvidia, Salesforce Ventures, Jamie Foxx, Eva Longoria, and Squid Game creator Hwang Dong-hyuk as new investors, bringing total Series D proceeds above $550 million.
Why it matters
The $500M ARR milestone and blue-chip institutional backing signal that AI voice technology has crossed into mainstream enterprise adoption at scale, validating ElevenLabs' expansion from TTS into multimodal audio agents.
Importance: 3/5
ElevenLabs voice AI at $500M ARR milestone with BlackRock + Nvidia institutional backing — 43% revenue growth in one quarter.