- Tech News & Insight
- February 5, 2026
- Hema Kadia
ElevenLabs raised $500 million in Series D funding at an $11 billion valuation, led by Sequoia Capital with continued participation from Andreessen Horowitz and ICONIQ, and new backing from Lightspeed, Evantic Capital and BOND alongside existing investors. The company says it has surpassed key ARR milestones and reported strong enterprise adoption across sectors through 2025, with telecom emerging as a priority vertical as operators seek to modernize legacy IVR and contact center stacks. Conversational agents can replace keypad IVRs with natural dialogue that recognizes intent, confirms identity, retrieves context and executes actions across channels.



