On February 4, 2026, ElevenLabs announced that it has raised $500 million in a Series D financing round led by Sequoia Capital. Andreessen Horowitz and ICONIQ also participated in the investment along with new investors Lightspeed Venture Partners, Evantic Capital, and BOND. Wilson Sonsini Goodrich & Rosati advised ElevenLabs on the transaction.

The latest round values ElevenLabs at $11 billion. The company plans to use funding from this latest round to expand research, enhance product offerings, and continue its international expansion.

The Wilson Sonsini team that advised ElevenLabs on the transaction was led by Mark Baudler, Jocqui Kaup, and Angela Loc.

For more information, please see ElevenLabs' blog post. Additional coverage can be found on The Wall Street Journal, Reuters, and TechCrunch.