ElevenLabs Secures Funding From BlackRock, Jamie Foxx, And Eva Longoria

AI voice startup ElevenLabs has secured a high-profile roster of new backers, including investment giant BlackRock and Hollywood stars Jamie Foxx and Eva Longoria. The infusion of celebrity and institutional capital comes as the company announces it has reached a significant $500 million in annual recurring revenue (ARR), marking a period of rapid financial growth and market dominance in the synthetic audio space.

The involvement of major entertainment figures highlights the increasingly blurred lines between traditional media and generative AI. As voice synthesis technology becomes more indistinguishable from human performance, ElevenLabs is positioning itself as the primary interface for voice-enabled applications, ranging from audiobooks and gaming to automated customer service and personalized celebrity content.

This expansion is paired with a deeper push into the enterprise sector. By securing BlackRock as an investor, ElevenLabs signals its reliability to large-scale corporate partners who require robust, ethical AI solutions for global communication. The company is betting that the future of digital interaction will be defined by natural-sounding synthetic speech that can be deployed instantly across multiple languages.

Investors and competitors will now be watching how ElevenLabs navigates the complex legal and ethical landscape of voice cloning, particularly with high-profile actors on its cap table. As the company scales its enterprise footprint, the focus will shift toward securing long-term licensing deals and maintaining its technological edge in an increasingly crowded AI market.

This story was first reported by TechCrunch.