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NVIDIA-backed ElevenLabs raises $500M at $11B valuation, eyes IPO
ElevenLabs raised $500 million from Sequoia Capital, Andreessen Horowitz and Iconiq at an $11 billion valuation in February 2026, more than tripling its $3.3 billion valuation from a January 2025 Series C, with NVIDIA among its backers; the company was preparing for a potential stock market listing within two to three years, which could make it one of the first European-founded AI companies to pursue an IPO.
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InsightNodes, "NVIDIA-backed ElevenLabs raises $500M at $11B valuation, eyes IPO" (NVIDIA). Source: CNBC, February 4, 2026, https://www.cnbc.com/2026/02/04/nvidia-backed-ai-startup-elevenlabs-11-billion-valuation.html. https://insightnodes.com/claims/e/elevenlabs-11b-valuation-2026--nvidia (accessed October 29, 2026).
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