According to @casey_lau, ElevenLabs announced a $500M Series D at an $11B valuation led by Sequoia, with a16z quadrupling down and ICONIQ tripling down, as stated by @matiii. According to @casey_lau, the milestone coincided with Web Summit Qatar where cofounder @matiii opened the event, and @matiii added that the round reflects the trust of customers and partners and gives momentum to ship faster. According to @casey_lau and @matiii, the progression from a small Web Summit booth in 2022 to an $11B valuation highlights strong investor backing and intensified execution.