Activate Buys Strategic Stake in ElevenLabs as AI Startup's India Revenue Surpasses $500M

According to The Economic Times, Mumbai-based venture capital firm Activate bought a strategic stake in New York-based voice AI startup ElevenLabs, marking its first global growth-stage AI investment since launching a US$75 million fund in 2025. ElevenLabs raised US$500 million in February from Sequoia Capital, Iconiq Capital, and Andreessen Horowitz. The company said India is its second-largest market by revenue, with annual recurring revenue surpassing US$500 million in the first four months of 2026.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments