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May 14, 2026

ElevenLabs Surpasses $500 Million Annual Recurring Revenue

Voice AI company ElevenLabs has exceeded $500 million in annual recurring revenue, following a $500 million funding round led by Sequoia Capital and Iconiq Capital in February.

May 14, 2026·1 source
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Top claims

  • ▪India is ElevenLabs' second-largest market globally by revenue
  • ▪Venture capital firm Activate made a strategic stake investment in ElevenLabs in 2026
  • ▪Activate's investment in ElevenLabs is the firm's first bet on a global growth-stage AI company since the $75-million AI-focused fund was launched in 2025

Topics

AI tools & productsAI startupsVenture capitalAI voice & speech tools

Related entities

Sequoia Capital