ElevenLabs Company Profile (2026)
Company Profile | AI Voice & Audio Generation | Updated September 2026
ElevenLabs: AI Voice Platform with $600M ARR and $11B Valuation
ElevenLabs is an AI voice technology company that builds text-to-speech, voice cloning, dubbing, music generation, and conversational AI agent tools for generating realistic, human-sounding speech in dozens of languages. Founded in 2022 and headquartered in London, ElevenLabs reached an $11 billion valuation in February 2026 after raising $500 million in Series D funding led by Sequoia Capital. The company surpassed $600 million in annual recurring revenue (ARR) by June 2026, up from $330 million at the end of 2025, with 41% of Fortune 500 companies as customers including Meta, Nvidia, Deutsche Telekom, Revolut, and the Ukrainian Government.
Executive Summary
ElevenLabs is a voice AI startup that has grown from a January 2023 beta to $600M+ ARR and an $11 billion valuation in just over three years. In February 2026, the company raised a $500 million Series D led by Sequoia Capital, more than tripling its valuation from $3.3 billion in January 2025.
ElevenLabs closed 2025 with over $330 million in ARR, driven by rapid enterprise adoption by companies like Deutsche Telekom, Square, the Ukrainian Government, and Revolut for customer support, conversational commerce, citizen engagement, internal training, and inbound sales. By June 2026, ARR surpassed $600 million, with the company on track to double 2025's figure.
ElevenLabs serves 41% of Fortune 500 companies and has reached 1B+ end users via its API. Key enterprise customers include media companies (Washington Post, TIME), gaming studios (Paradox Interactive), publishing houses (HarperCollins), and newer wins including Deutsche Telekom, Square, the Ukrainian Government, Revolut, Meta Platforms, and Nvidia.
Company Overview
ElevenLabs was founded in 2022 by Mateusz "Mati" Staniszewski (CEO) and Piotr "Peter" Dąbkowski (CTO) in London, United Kingdom. The company started by developing AI text-to-speech models before expanding into speech-to-text, sound effects, dubbing, music generation, and conversational AI agents.
ElevenLabs is headquartered in London with 11+ offices worldwide and over 300 employees. The company has raised approximately $781 million across five funding rounds, including a $500 million Series D in February 2026 at an $11 billion valuation.
ElevenLabs' mission is to build AI models that generate realistic human speech, clone voices, produce music and sound effects, dub content across languages, and power real-time voice agents—all from a single platform organized into three product lines: ElevenCreative, ElevenAgents, and ElevenAPI.
Core Products & Platform
ElevenCreative
ElevenCreative is a no-code web application where creators, producers, and editors generate voiceovers, music, dubs, and studio projects directly in the browser. It is designed for content creators, media companies, and brands to produce high-fidelity audio without technical expertise.
- Text-to-Speech (TTS): Generate realistic speech from text input with 90+ languages, context-aware emotion, and pacing.
- Voice Cloning: Clone voices from audio samples for personalized voiceovers and dubbing.
- AI Dubbing: Automatically translate speech into up to 20+ languages while maintaining the original speaker's voice qualities. Winner of 2024 Speech Industry Award for Automatic Speech Translation.
- Music & Sound Effects: Generate music and sound effects for video, gaming, and multimedia projects.
- Voice Library Marketplace: Platform for voice creators to monetize their voices; ElevenLabs has paid $10 million back to voice creators through this marketplace.
ElevenAgents
ElevenAgents is the enterprise platform for building, testing, and deploying voice and conversational AI agents at scale. It is designed for enterprises to deploy customer support, conversational commerce, citizen engagement, internal training, and inbound sales voice agents.
- Conversational Voice Agents: Deploy human-like voice agents for customer support, sales, and engagement.
- Testing & Monitoring: Tools to test, monitor, and optimize voice agent performance and reliability.
- Integrations: Pre-built integrations with CRM, helpdesk, and enterprise systems.
- Reliability Controls: Enterprise-grade reliability, security, and compliance controls for production deployments.
- Enterprise Customers: Deutsche Telekom, Square, Ukrainian Government, Revolut, Meta, Nvidia use ElevenAgents for customer support, conversational commerce, citizen engagement, training, and sales.
ElevenAPI
ElevenAPI provides low-latency voice infrastructure for developers building interactive products. It is designed for developers and enterprises to integrate ElevenLabs' voice capabilities into their applications, products, and services.
- Eleven V3: Latest text-to-speech model with highest quality and naturalness.
- Turbo v2.5: Low-latency TTS for real-time applications and voice agents.
- Multilingual v2: Support for 29+ languages with natural accents and pronunciation.
- Text-to-Dialogue: Generate multi-speaker dialogues and conversations.
- Speech-to-Text (Scribe v1 & v2): Transcribe speech to text with high accuracy.
- Voice Changer: Real-time voice conversion and modification.
- Music Generation: Generate music and audio content programmatically.
- Dubbing API: Automated dubbing and translation for video and audio content.
Business Model
ElevenLabs' business model is based on providing AI voice infrastructure and tools to creators, developers, and enterprises. The company generates revenue through:
- ElevenCreative subscriptions: Tiered pricing for creators and producers to generate voiceovers, music, and dubs in the browser. Plans range from free tier to professional and enterprise tiers.
- ElevenAgents enterprise contracts: Multi-year enterprise contracts for deploying voice and conversational AI agents at scale. This is the fastest-growing revenue segment, driven by enterprise adoption for customer support, sales, and engagement.
- ElevenAPI usage-based pricing: Pay-per-character or pay-per-second pricing for API usage. This segment serves developers and enterprises integrating ElevenLabs' voice capabilities into their products.
- Voice Library Marketplace: Revenue sharing with voice creators who monetize their voices on the platform. ElevenLabs has paid $10 million back to voice creators through this marketplace.
Financial Profile
| Metric | Figure or description |
|---|---|
| Legal name | ElevenLabs Inc. |
| Founded | 2022 |
| Founders | Mateusz "Mati" Staniszewski (CEO), Piotr "Peter" Dąbkowski (CTO) |
| Headquarters | London, United Kingdom (11+ offices worldwide) |
| Ownership | Private, venture-backed |
| CEO | Mateusz "Mati" Staniszewski |
| ARR | $600M+ (as of June 2026, up from $330M at end of 2025) |
| Valuation | $11 billion (February 2026 Series D, up from $3.3B in January 2025) |
| Total Funding | ~$781 million across five rounds (including $500M Series D in Feb 2026) |
| Series D | $500 million led by Sequoia Capital (February 2026) |
| Key Investors | Sequoia Capital (lead), Nvidia, Meta Platforms, and other major tech firms |
| Employees | 300+ across 11+ offices worldwide |
| Customers | 41% of Fortune 500 companies; 1B+ end users reached via API |
| Key Enterprise Customers | Deutsche Telekom, Square, Ukrainian Government, Revolut, Meta, Nvidia, Washington Post, TIME, Paradox Interactive, HarperCollins |
| Voice Library Payouts | $10 million paid to voice creators through Voice Library marketplace |
| IPO Status | Building toward IPO; openly preparing for public markets |
Competitive Landscape
| Area | Key competitors | Overlap |
|---|---|---|
| Text-to-Speech | Google Cloud TTS, Amazon Polly, Microsoft Azure TTS, IBM Watson TTS | Cloud-based TTS APIs for developers and enterprises |
| Voice Cloning | Resemble AI, Descript, Replika, Coqui | AI voice cloning and synthesis for personalized voiceovers |
| Conversational AI Agents | Retell AI, Vapi, Bland AI, Synthflow, Air AI | Voice AI agents for customer support, sales, and engagement |
| AI Dubbing | Rask AI, HeyGen, Wavel, Papercup | Automated video/audio dubbing and translation across languages |
| AI Music & Audio | Suno AI, Udio, Soundraw, AIVA | AI-generated music and sound effects for content creation |
Competitive Advantages
- Technology leadership: Industry-leading AI voice models with highest quality, naturalness, and multilingual support (90+ languages). ElevenLabs' models are considered best-in-class for realistic human speech synthesis.
- Enterprise adoption: 41% of Fortune 500 companies use ElevenLabs, with major enterprise wins (Deutsche Telekom, Square, Ukrainian Government, Revolut, Meta, Nvidia) validating the platform for production deployments.
- Hypergrowth: Grew from zero to $600M+ ARR in under 4 years, with ARR doubling from $330M (end of 2025) to $600M+ (June 2026). This is one of the fastest growth trajectories in AI history.
- Platform breadth: Single platform covering ElevenCreative (creators), ElevenAgents (enterprises), and ElevenAPI (developers), enabling ElevenLabs to serve multiple customer segments and use cases.
- Voice Library ecosystem: 10,000+ expressive voices (cloned, generated, or fine-tuned) with marketplace for voice creators to monetize their voices ($10M paid out). This creates a network effect and content moat.
- Strategic investors: Backed by Sequoia Capital, Meta, Nvidia, and other major tech firms, providing strategic partnerships, distribution, and credibility.
- Developer ecosystem: 1B+ end users reached via API, with strong developer adoption and integration into third-party products and services.
Risks and Challenges
- Competition: Intense competition from hyperscalers (Google, Amazon, Microsoft), specialized voice AI startups (Retell AI, Vapi, Bland AI), and open-source alternatives. Price competition and feature races could pressure margins.
- Regulatory & ethical risks: Voice cloning and deepfake concerns raise regulatory scrutiny, consent issues, and potential misuse (fraud, misinformation, impersonation). ElevenLabs must invest in safety, watermarking, and compliance.
- Customer concentration: Large enterprise customers (Deutsche Telekom, Square, Revolut, Meta, Nvidia) represent significant revenue. Loss of major customers or capex cuts could materially impact results.
- Technology execution: Need to continuously innovate and invest in next-generation voice models, multilingual support, and agent capabilities to maintain technology leadership.
- Valuation expectations: $11 billion valuation sets high bar for continued hypergrowth and eventual IPO performance. Execution must meet very high expectations.
- Market saturation: As voice AI becomes more commoditized, differentiation may become harder. ElevenLabs must maintain technology leadership and expand into new use cases (agents, music, dubbing).
- International expansion: Scaling globally requires navigating diverse regulatory environments, language support, and cultural nuances in voice synthesis.
Key Takeaways
- ElevenLabs is an AI voice technology company founded in 2022 by Mati Staniszewski and Piotr Dąbkowski in London.
- ARR surpassed $600M in June 2026 (up from $330M at end of 2025), with $11B valuation after $500M Series D in February 2026.
- Platform includes ElevenCreative (creators), ElevenAgents (enterprises), and ElevenAPI (developers), covering TTS, voice cloning, dubbing, music, and conversational agents.
- 41% of Fortune 500 companies use ElevenLabs, with key customers including Deutsche Telekom, Square, Ukrainian Government, Revolut, Meta, Nvidia, Washington Post, TIME, and HarperCollins.
- ElevenLabs has paid $10M to voice creators through Voice Library marketplace and reached 1B+ end users via API.
- Competes with Google, Amazon, Microsoft (hyperscalers), Retell AI, Vapi, Bland AI (voice agents), and Rask AI, HeyGen (dubbing).
- Key risks include competition, regulatory/ethical concerns, customer concentration, technology execution, valuation expectations, and market saturation.
Profile compiled September 2026. Financial figures, product roadmaps, and funding details change rapidly in the AI sector; consult ElevenLabs' latest announcements and SEC filings (post-IPO) for investment decisions. This article is informational only and not investment advice.
