Exploring the physical infrastructure driving today's technological advancements.
ElevenLabs Secures $500 Million in Series D Funding for AI Lab
ElevenLabs, a London-based AI lab, has successfully raised substantial capital. The company completed its Series D funding round. This significant ElevenLabs Series D funding totals $500 million.
Sequoia Capital led the investment. Other prominent firms also participated in the round. This marks a notable investment in the generative AI sector.
What Happened
London-based AI lab ElevenLabs secured $500 million in Series D funding. Sequoia Capital spearheaded this significant investment round. Additional investors included a16z, ICONIQ, and Lightspeed Venture Partners.
This funding news was reported in Fortune’s Term Sheet newsletter. Allie Garfinkle, Senior Finance Reporter, authored Term Sheet. Joey Abrams curated the deals section for the newsletter.
Details From Sources
ElevenLabs, a London, U.K.-based AI lab, confirmed its Series D funding. The investment details were highlighted in Fortune’s Term Sheet newsletter. This information appeared specifically within its “VENTURE CAPITAL” section.
The newsletter listed this ElevenLabs Series D funding alongside other venture capital deals. This indicates broader investment activity in the tech startup funding and AI lab funding space.
Background Context
ElevenLabs operates as a London, U.K.-based AI lab. Its recent funding aligns with active investment trends in technology. The venture capital AI sector continues to attract significant capital.
Conclusion
ElevenLabs successfully concluded its Series D funding round. The London-based AI lab secured $500 million. Sequoia Capital led this major investment.
This ElevenLabs Series D funding included participation from other key investors. It underscores continued robust venture capital AI investment.
FAQ
What is ElevenLabs?
ElevenLabs is an AI lab based in London, U.K.
How much funding did ElevenLabs raise?
ElevenLabs raised $500 million in funding.
What type of funding round was this for ElevenLabs?
This was a Series D funding round for ElevenLabs.
Which investor led ElevenLabs’ Series D funding round?
Sequoia Capital led the Series D funding round for ElevenLabs.
Who else participated in the ElevenLabs funding round?
Other investors included a16z, ICONIQ, and Lightspeed Venture Partners.
