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ElevenLabs Raises $500M Series D At $11B Valuation

Overview Of A Groundbreaking Momentum

ElevenLabs raised $500 million in a Series D funding round announced in February, reaching a valuation of $11 billion. The round expands the company’s investor base and follows continued growth in its voice AI business.

ARR Growth And Valuation

Annual recurring revenue exceeded $500 million, up from about $350 million a year earlier. CEO and co-founder Mati Staniszewski said the first quarter of 2026 added $100 million in net new ARR. Internal figures indicate ARR reached approximately $450 million during the quarter, before continuing to grow beyond the $500 million mark. Valuation increased from $6.6 billion in September to $11 billion at the time of the funding round.

Investor Base And Enterprise Clients

The Series D round includes institutional investors such as BlackRock, Wellington Management, D.E. Shaw and Schroders. Corporate investors include NVIDIA, Salesforce Ventures, Santander, KPN and Deutsche Telekom. Enterprise clients include Deutsche Telekom, Revolut and Klarna.

Product And Technology

The company develops voice AI systems for customer interaction, including voice generation, multilingual support and automation tools. Focus areas include response speed, output quality and system security, which are central to enterprise deployment. Karine Peters, Managing Director at Deutsche Telekom’s venture arm T. Capital, said the company’s technology is integrated into parts of its industrial AI strategy.

Expansion And Capital Strategy

ElevenLabs acquired the research team from Polish startup Papla to expand its voice model development capabilities. A $100 million tender offer was completed, marking the second such transaction within six months. Plans include opening investment access to retail investors through Robinhood Ventures, although details have not yet been disclosed.

A New Twitter-Inspired Social Network Is Taking Shape

A new social network called Twitter.now is entering the market, with a founding team that includes former Twitter trademark counsel Stephen Coates. The service is being developed by startup Operation Bluebird.

As Ars Technica reported, X sued the company last year and asked a Delaware judge to block the launch. Operation Bluebird argued in a petition that X had abandoned trademarks including “Twitter” and “Tweet.”

Coates has said the project is not an attempt to recreate the original Twitter. In a LinkedIn post, he described the platform as a new public space focused on trust, transparency and user choice.

AI System To Rate Posts

Twitter.now is currently being tested, with early access priced at $20. Its main feature is VERA, an AI system designed to evaluate posts, verify claims and provide sources and context.

Posts receive a trust score, with users eventually able to set a minimum score to filter their feeds. The company says this approach will give people more control over what they see instead of leaving those decisions entirely to an algorithm.

Moderation Remains A Challenge

Scaling moderation will be one of the platform’s biggest tests. Social networks have repeatedly struggled with content moderation as their communities grow, and newer platforms such as Bluesky have faced similar criticism.

Operation Bluebird says VERA will form the basis of its moderation and verification system. A second version is already planned, with expanded tools that would let users set a specific trust threshold for the posts appearing in their feeds.

For now, Twitter.now remains in an early testing phase, combining the familiarity of the Twitter name with an AI-driven approach to evaluating online information.

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