# ElevenLabs

> ElevenLabs is an AI research and product company that builds human-like voice technology. Founded in 2022 by two Polish engineers frustrated by badly dubbed movies, it grew from zero to $200M ARR in three years and reached an $11 billion valuation by February 2026. Its platform covers text-to-speech, voice cloning, AI dubbing, conversational agents, and speech-to-text across 70+ languages, used by everyone from independent creators to over 60% of Fortune 500 companies.

- **Founded:** 2022
- **Headquarters:** New York, USA (offices also in London and Warsaw)
- **Founders:** Mati Staniszewski (Co-Founder & CEO), Piotr Dabkowski (Co-Founder & CTO)
- **Team size:** Approximately 330-736 employees (330 as of August 2025 ARR announcement; 736 per Tracxn as of February 2026)
- **Products:** Text to Speech (Speech Synthesis), ElevenAgents, ElevenCreative, ElevenAPI, ElevenReader App
- **Notable:** Reached 1 million registered users within 6 months of beta launch (January to June 2023), Hit $100M ARR in approximately 20 months from launch, Hit $200M ARR just 10 months after $100M - August 2025

## Products & services

- **Text to Speech (Speech Synthesis)** — Context-aware, emotionally intelligent voice synthesis across 70+ languages. Eleven v3 (released June 2025) supports audio tags like [excited], [whispers], and [sighs] for natural performance and multi-speaker dialogue.
- **ElevenAgents** — Conversational AI agent platform for deploying voice and chat agents at enterprise scale. Processes audio in 100ms chunks. Integrates natively with HubSpot, Salesforce, ServiceNow, and Zendesk. Includes version control, agent testing, and self-hosted LLM support.
- **ElevenCreative** — Full creative platform for speech, music, image, and video generation across 70+ languages. Includes AI Dubbing (32+ languages), Sound Effects, Voice Isolator, Voice Library (10,000+ voices), and Flows - a node-based visual creative canvas.
- **ElevenAPI** — Developer API providing access to foundational audio AI models including TTS, voice cloning, speech-to-text, dubbing, and sound effects. Used by startups and Fortune 500 companies alike.
- **ElevenReader App** — iOS and Android mobile app that converts ebooks, PDFs, articles, and newsletters into audio using AI voices. Authors can publish AI-generated audiobooks directly through the platform.
- **Scribe** — Speech-to-text transcription model with character-level timestamps and speaker diarization. Third-party benchmarks indicate it outperforms Google Gemini 2.0 and OpenAI Whisper on word error rate.
- **VoiceLab / Voice Cloning** — Tool for cloning voices from short audio samples or creating entirely new synthetic voice profiles from text descriptions (Voice Design).
- **AI Speech Classifier** — Detection tool launched June 2023 to identify audio generated by ElevenLabs' own models - an industry first designed to help combat misuse and deepfake audio.
- **Iconic Voice Marketplace** — Ethical licensing marketplace for recognized voices including Michael Caine, Maya Angelou, Alan Turing, and Liza Minnelli, among 25+ others. Enables companies to request approval to use iconic voices for creative projects.
- **ElevenLabs Music** — Text-to-music model. Samples were shared in May 2024; public availability followed in 2025.

## Achievements

- Reached 1 million registered users within 6 months of beta launch (January to June 2023)
- Hit $100M ARR in approximately 20 months from launch
- Hit $200M ARR just 10 months after $100M - August 2025
- Featured on Forbes AI 50 list, April 2025
- Users generated 1,000 years of audio content in under two years
- Over 60% of Fortune 500 companies use ElevenLabs tools
- Voice Library reached 10,000+ community-created voices with $11M paid out to creators
- Eleven v3 supports 70+ languages with natural multi-speaker dialogue
- Scribe outperforms Google Gemini 2.0 and OpenAI Whisper on word error rate (third-party benchmarks)
- First AI Speech Classifier of its kind launched June 2023
- Selected for Disney Accelerator program 2024
- Both founders became billionaires within four years of founding
- Raised $791M+ in total funding across 7 rounds

## Latest updates

- **2026-02** — Raised $500M Series D at $11 billion valuation. Sequoia Capital joins as investor. Company eyes potential IPO. Cisco and Epic Games among new enterprise clients.
- **2025-11** — Inaugural ElevenLabs Summit in San Francisco. Announced partnerships with Square and MasterClass. Launched Iconic Voice Marketplace with Michael Caine and Matthew McConaughey. Matthew McConaughey confirmed as investor.
- **2025-08** — Hit $200M ARR with approximately 330 employees - one of the fastest revenue growth trajectories in SaaS history.
- **2025-06** — Released Eleven v3 - new TTS model with 70+ language support, multi-speaker dialogue, and audio expression tags ([excited], [whispers], [sighs]).
- **2025-04** — Featured on Forbes AI 50 list. Hit $100M ARR milestone.
- **2025-02** — Released Scribe, a speech-to-text model with character-level timestamps and speaker diarization. Industry-leading word error rate per third-party benchmarks. Also launched audiobook self-publishing platform for authors on ElevenReader.
- **2025-01** — Raised $180M Series C co-led by a16z and ICONIQ Growth. Valuation reaches $3.3 billion. Strategic investors include Deutsche Telekom, LG Technology Ventures, HubSpot Ventures, NTT DOCOMO Ventures, RingCentral Ventures.
- **2024-11** — Launched Conversational AI developer platform for interactive voice agents.
- **2024-07** — Released Voice Isolator - background noise removal tool.
- **2024-06** — Released ElevenReader App on iOS and Android.

## Links

- Website: https://elevenlabs.io
- LinkedIn: https://www.linkedin.com/company/elevenlabsio
- Twitter/X: https://twitter.com/elevenlabsio

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Profile page: https://yespress.io/eleven-labs
Published by YesPress — https://yespress.io
Last updated: 2026-04-03