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AI voice technology start-up ElevenLabs has recently made headlines by announcing the successful closure of a substantial $500 million funding round. This latest injection of capital has catapulted the company's valuation to an impressive $11 billion, marking a significant leap from its valuation in January 2025, which has now more than tripled. The funding round was spearheaded by Sequoia Capital, a testament to the firm's confidence in ElevenLabs' vision and potential. Joining Sequoia Capital in this round were returning investors Andreessen Horowitz and Iconiq Capital, who have continued to show their support for the start-up. Additionally, the round drew in new backers, including Lightspeed Venture Partners, Evantic Capital, and Bond, further diversifying and strengthening ElevenLabs' investor base.
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