Araverus Team|Wednesday, February 4, 2026 at 2:00 PM
Araverus Team
Feb 4, 2026 · 2:00 PM
AI Startup · ElevenLabs · Funding Round · Valuation
ElevenLabs has completed a $500 million financing round led by Sequoia Capital, boosting its valuation to $11 billion and highlighting the growing recognition of the voice AI sector.
The merger puts Elon Musk’s rocket and artificial-intelligence companies under one roof.
Its planned capital spending of up to $135 billion represents a significant acceleration, but the company’s ad business is keeping pace.
The fast-tracked deal is premised on SpaceX’s satellite prowess combining with xAI’s technology.
CEO Andy Jassy is leading the e-commerce giant’s negotiations with the ChatGPT maker.
