AI voice synthesis startup ElevenLabs has secured investments from major players including BlackRock and celebrities Jamie Foxx and Eva Longoria, while reaching $500 million in annual recurring revenue. The company is expanding its enterprise presence as voice AI becomes increasingly important in user interfaces. This funding round highlights growing investor confidence in AI voice technology and its commercial applications.
Background
ElevenLabs is a leading AI voice synthesis company known for its realistic text-to-speech technology. The company has been at the forefront of developing AI voice tools for various applications including entertainment, education, and enterprise solutions.
- Source
- TechCrunch
- Published
- May 5, 2026 at 10:20 PM
- Score
- 7.0 / 10