Jamie Foxx Joins ElevenLabs Series D as AI Voice Platform Hits $500M ARR

*TL;DR: ElevenLabs reports $500 million in annual recurring revenue and closes a Series D round that adds actor Jamie Foxx among more than 30 entertainment investors.

ElevenLabs, a platform that generates synthetic speech and AI‑driven voice agents, announced it crossed $500 million in annual recurring revenue (ARR) for 2026. The milestone triggered the third close of its Series D financing, bringing new capital from a diverse group of investors.

Actor Jamie Foxx participated in the third close, joining fellow entertainers such as Eva Longoria, Hwang Dong‑hyuk and Matthew McConaughey. The round also attracted institutional backers including BlackRock, Wellington Management, NVIDIA’s venture arm NVentures and Santander. More than 30 artists, musicians and athletes are now listed as shareholders.

Rob Mazzoni, technology sector lead for late‑stage growth at Wellington, said every major enterprise will soon communicate with customers through AI agents. He described companies that enable natural, human‑like interactions at scale as “critical global infrastructure.”

ElevenLabs plans to use the new funds to accelerate research and expand its platform internationally. Upcoming updates will merge audio capabilities with image and video generation, targeting creative teams and marketers. The firm also aims to broaden its conversational agents across voice, chat, email and other channels.

The company’s mission, according to its blog, is to “redefine how businesses communicate with their audiences.” Investors argue that conversational AI will become the primary interface for enterprises, and ElevenLabs positions itself as a leader in that transition.

For creators, the technology promises control over voice assets in multiple languages and new fan‑experience revenue streams. Longoria highlighted AI’s role in reshaping storytelling and reaching broader audiences.

What it means: The infusion of celebrity capital signals confidence that AI‑generated voice will move beyond niche applications into mainstream content creation and enterprise communication. As ElevenLabs scales its multimodal tools, the market will watch how quickly AI voice agents replace traditional customer‑service channels.

*Watch for product launches that combine audio, image and video generation, and for partnerships that embed ElevenLabs’ agents into large‑scale business workflows.*