ElevenLabs Seeks Funding Valuing Firm At $11B

ElevenLabs is reportedly seeking new funding that would value the voice-AI company at $11 billion, the Financial Times reported on Jan. 18. The round is expected to raise hundreds of millions of dollars, nearly doubling its prior $6.6 billion valuation after a recent secondary sale, and follows reports that it generated $330 million in annual recurring revenue last year.