ElevenLabs valued at $11bn after Series D megaround

ElevenLabs has cemented its place as the UK’s most valuable AI firm after a $500m (£368m) Series D investment has valued it at $11bn.

The new funding round London-headquartered group, known for its powerful AI-generated audio technology specialising in voice generation, has been led by US investment group Sequoia.

The sizeable Series D also includes significant support from the likes of a16z, Iconiq, BroadLight, NFDG, Valor Capital, AMP Coalition, and Smash Capital as well as new investors Lightspeed Venture Partners, Evantic Capital and Bond.

Discussing the funding round, ElevenLabs co-founder Mati Staniszewski said “it reflects the trust of customers and partners building at the frontier alongside us – and gives us momentum to ship even faster”.

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