BlackRock and Hollywood Stars Back ElevenLabs as Revenue Hits $500M

Voice technology leader ElevenLabs has attracted a high-profile roster of new investors, signaling a major shift in how Hollywood and Wall Street perceive generative AI. Financial powerhouse BlackRock joins A-list actors Jamie Foxx and Eva Longoria in backing the startup, which specializes in hyper-realistic voice synthesis. The inclusion of major actors is particularly notable given the ongoing industry debates surrounding digital replicas and likeness rights.

The new funding comes as ElevenLabs reaches a significant financial milestone, hitting $500 million in annual recurring revenue. This rapid growth underscores the escalating demand for enterprise-grade AI tools. The company’s technology is being increasingly integrated into gaming, entertainment, and accessibility services, moving voice AI from a niche experimentation phase to a primary digital interface.

Moving forward, the focus shifts to how ElevenLabs will navigate the complex legal landscape of voice ownership while expanding its enterprise footprint. The partnership with entertainment veterans suggests a strategy aimed at creating ethical frameworks for digital performances. Observers will be watching to see how these celebrity collaborations influence the development of professional voice-cloning standards.

This story was originally reported by TechCrunch.