ElevenLabs has officially surpassed $500 million in Annual Recurring Revenue (ARR) as of May 2026. This milestone follows a strong 2025 performance where the company ended the year at $350 million ARR.

The company added $150 million in ARR in just the first four months of 2026. This news comes alongside the third close of their Series D fundraise.

New institutional investors include BlackRock, Wellington Management, D.E. Shaw, and Schroders. NVIDIA (via NVentures), Salesforce, and Santander joined as investors. High-profile creative talent including Jamie Foxx, Eva Longoria, and Squid Game creator Hwang Dong-hyuk also participated.

The growth is primarily driven by large-scale enterprise deployments of AI voice agents. Deutsche Telekom is highlighted as a major partner, using the platform for real-time translation during phone calls and AI-driven customer support.

Other global enterprises like KPN and Salesforce are utilizing the technology for consistent, multilingual brand voices in marketing and operations.

ElevenLabs plans to integrate image and video generation with their core audio technology to create a comprehensive branding and marketing platform.

Development is underway for agents that can interact seamlessly across voice, chat, and email.

The company now employs 530 people across 50 co