ElevenLabs has announced a $500M Series D funding round, achieving an $11B valuation, led by Sequoia, with significant participation from a16z and ICONIQ. This funding will enhance the ElevenAgents platform, improving customer experiences and internal operations. The company aims to close 2025 with over $330M in ARR and is rolling out an upgraded conversational model for its platform. Additional strategic investors and partners are joining the effort to accelerate growth towards an IPO.