The AI short-drama tools market has recorded its biggest single financing event of the year, signaling strong investor conviction in AI-assisted video storytelling. Short-drama — episodic vertical-video content — has become one of the fastest-growing entertainment formats in China and beyond. The milestone round underscores how purpose-built AI production tools are attracting serious capital as the format scales globally.
ElevenLabs announced a $500 million Series D at an $11 billion valuation, more than triple its valuation from a year earlier. The round was led by Sequoia Capital, with A16Z, ICONIQ, Lightspeed, BOND, and others participating. The company says it will invest in ElevenAgents, ElevenCreative, ElevenAPI, voice agents, conversational models, dubbing, audio research, and international expansion.
ElevenLabs announced in its blog title that it has crossed $500 million in annual recurring revenue. The company also says it welcomed new investors, including BlackRock, NVIDIA, Jamie Foxx, and Eva Longoria. Since no article body is provided, details such as funding amount, valuation, revenue mix, product roadmap, or specific strategic partnerships cannot be confirmed.