ElevenLabs, a prominent player in the voice artificial intelligence sector, has successfully closed a substantial $500 million funding round. This impressive financial milestone has catapulted the company's valuation to a staggering $11 billion. Spearheaded by Sequoia Capital, a renowned venture capital firm, the newly acquired funds are earmarked for driving innovation through research and development initiatives, as well as fueling the company's ambitious global market expansion strategy.
