ElevenLabs Valuation Reaches $22 Billion Amid Rising Enterprise Demand

ElevenLabs has achieved a valuation of $22 billion following a Series D funding round, a significant increase from its initial $9 million valuation in February 2022. The company reports that 55% of its revenue now comes from enterprise clients, with five of the world's ten largest tech companies, five of the largest insurers, and four of the largest telecoms utilizing its technology. Since February 2026, the number of companies using multichannel support with ElevenAgents has doubled, reflecting a growing demand for conversational agents. Additionally, the weekly conversations handled by ElevenAgents have tripled since February, showcasing the increasing reliance on these AI solutions. The average speed of issue resolution by voice agents is now 31% faster than that of chat agents. ElevenLabs supports 90 languages, catering to approximately 5.5 billion speakers globally. Key investors in this funding round include Wellington, T. Rowe Price, EQT, Goldman Sachs, and Andreessen Horowitz, among others. CEO Mati Staniszewski emphasized the importance of human-like interactions in AI, stating, "AI should interact with people the way we interact with each other." Emma Norchet from T. Rowe Price noted that the integration of research, product, and deployment has provided ElevenLabs with a structural advantage in the market.