ElevenLabs
Category: AI Infrastructure
An AI voice technology platform providing ultra-realistic text-to-speech synthesis, voice cloning, conversational AI agents, and audio generation across 70+ languages for content creators, enterprises, and developers. ElevenLabs was founded in 2022. The company is led by Mati Staniszewski. Based in London, United Kingdom. Team size: 500-700. Total funding raised: $781M. Latest round: Series D. Key investors include ["Sequoia Capital","Andreessen Horowitz (a16z)","ICONIQ Growth","NEA (New Enterprise Associates)","NVIDIA","Salesforce Ventures","Smash Capital","Nat Friedman","Daniel Gross"].
- Founded
- 2022
- Headquarters
- London, United Kingdom
- Team size
- 500-700
- Total funding
- $781M
Value proposition
Delivers the most realistic and emotionally-aware AI voice synthesis available, enabling instant content localization in 70+ languages, conversational AI agents with 75ms latency, and professional voice cloning from minimal audio samples—dramatically reducing production costs while scaling audio content creation globally.
Products and solutions
["Text-to-Speech Engine (Eleven Multilingual v2, Turbo v2, Flash v2.5, v3)","AI Voice Cloning (Instant and Professional Voice Cloning)","AI Dubbing Studio","Conversational AI Agents Platform (ElevenAgents)","Speech-to-Text API (Scribe v2)","AI Music Generation (Eleven Music)","Voice Library & Marketplace","Projects (long-form content creation tool)","Speech-to-Speech Voice Conversion"]
Unique value
First AI company to achieve human-like speech quality with emotional range and contextual understanding; pioneered ultra-low latency voice synthesis (75ms) for real-time conversational AI; supports 70+ languages with native-quality synthesis; created the first ethical voice marketplace for licensing celebrity and historical voices; developed emotionally-aware speech model (Eleven v3) that can laugh, whisper, and react naturally.
Target customer
Content creators, media companies, enterprise businesses, developers, publishing houses, customer service operations, and organizations requiring multilingual voice AI solutions
Industries served
["Media & Entertainment","Customer Service & Support","Education & E-Learning","Publishing & Audiobooks","Technology & Software Development","Healthcare & Accessibility","Advertising & Marketing","Gaming & Interactive Media","Telecommunications","Financial Services"]
Technology advantage
Proprietary deep learning models using Generative Adversarial Networks (GANs) and Transformer architectures that capture subtle vocal nuances including pitch, tone, accent, rhythm, and emotional expression. Unlike traditional concatenative TTS systems, ElevenLabs generates speech patterns dynamically, enabling unprecedented control over voice characteristics. The platform combines high-fidelity voice synthesis with production-grade infrastructure supporting millions of users, enterprise security, and real-time agent deployment at scale.
How they differentiate
ElevenLabs leads in AI voice synthesis with human-like speech quality featuring emotional expressiveness (laughing, whispering, natural reactions), supports 70+ languages with native-quality synthesis, achieves ultra-low 75ms latency for real-time conversational AI, and offers the most comprehensive platform spanning text-to-speech, voice cloning, AI dubbing, conversational agents, speech-to-text, and AI music generation. The company has built a proprietary Voice Marketplace for ethical voice monetization and maintains the industry's highest quality standards across enterprise and creator markets.
Main competitors
["Resemble AI","WellSaid Labs","Cartesia"]
Key partnerships
["Google Cloud (Enterprise GPU infrastructure)","NVIDIA (AI compute partnership, ACE integration)","Deloitte (Big Four consulting partnership for enterprise AI agents)","Square (Enterprise conversational AI)","MasterClass (Content localization)","Synthesia (Video AI integration)","Audacy (Media production workflows)","Bertelsmann (Cross-language media storytelling)","Kobalt & Merlin (Music industry licensing for Eleven Music)","Twilio, Genesys, Vonage (Telephony platform integrations)","Disney Accelerator Program","Storytel (Audiobook production)"]
Notable customers
["Perplexity AI","TIME Magazine","The Washington Post","MasterClass","Square (Block)","Deloitte","Bertelsmann","HarperCollins Publishers","ESPN","NVIDIA","Aston Martin Aramco F1 Team","Star Sports India","The New York Post","Pocket FM","Audacy","Paradox Interactive","Matthew McConaughey (investor & customer)","Sir Michael Caine"]
Major milestones
["Founded in January 2022 by Polish entrepreneurs Mati Staniszewski and Piotr Dąbkowski","Secured $2M pre-seed funding led by Credo Ventures (Jan 2023)","Raised $19M Series A led by Andreessen Horowitz (Jun 2023)","Achieved unicorn status with $80M Series B at $1.1B valuation (Jan 2024)","Launched AI Dubbing Studio, Voice Library, and mobile app (2024)","Raised $180M Series C at $3.3B valuation, tripling valuation (Jan 2025)","Announced enterprise partnerships with Square, MasterClass, and Deloitte (Nov 2025)","Secured $500M Series D at $11B valuation led by Sequoia Capital (Feb 2026)","Partnership with Google Cloud for NVIDIA Blackwell GPUs and Gemini integration (Feb 2026)","Reached $330M+ ARR with 70+ language support (2026)","Named CEO Mati Staniszewski to TIME 100 Most Influential People in AI (2025)","Launched Eleven v3 model with emotional expressiveness capabilities","Created Voice Marketplace for ethical celebrity voice licensing","Founded voice restoration initiative for medical patients"]
Growth metrics
Scaled from $0 to $330M+ ARR in ~3 years (2022-2025), currently adding $10M+ in new ARR monthly. Enterprise revenue growing 200%+ year-over-year. Reached unicorn status ($1.1B valuation) within 2 years of founding, tripled to $3.3B by Jan 2025, then more than tripled again to $11B by Feb 2026. Supports millions of users globally with hundreds of thousands of self-service subscribers.
Market positioning
Undisputed global leader in AI voice technology with $11B valuation (Feb 2026), $330M+ ARR, and 500-700 employees. Positioned as the premium enterprise solution serving Fortune 500 companies while maintaining strong self-serve creator traction. Recognized as the industry benchmark for voice AI quality and language coverage.
Geographic focus
Global presence with headquarters in London, UK. Strong enterprise traction in North America (US enterprise clients), Europe (major partnerships with Deloitte, Bertelsmann), and Asia-Pacific regions. Strategic partnerships with global telecommunications companies including Deutsche Telekom and NTT DOCOMO.
Patents and IP
Technology patents in process (as of 2023), though specific patent numbers not publicly disclosed. Company has invested heavily in IP protection for its voice synthesis and cloning technologies.
About Mati Staniszewski
Mati Staniszewski (Mateusz Staniszewski) served as a Deployment Strategist at Palantir Technologies (2018–2021), focusing on large-scale data integration for enterprise clients. Prior to that, he worked as an Analyst at BlackRock (2017–2018) and held a Business Intelligence role at Opera Software. He holds a BSc in Mathematics from Imperial College London (2013-2016). Born in Gdansk, Poland, he co-founded ElevenLabs with his childhood friend Piotr Dąbkowski in January 2022.
Official website: https://elevenlabs.io