- Specialization
- Speech
- Business
Inference Servingand 1 more business valuesLess
- Software Applications
- Market
Cross Industryand 1 more market valuesLess
- Media
- Ecosystem
- Not classified
- Customers
Developersand 2 more customers valuesLess
- Consumers
- Enterprises
More details
- Organization type
- Commercial Company
- Ecosystem
- Not classified
- Business
- Inference Serving, Software Applications
- Specialization
- Speech
- Market
- Cross Industry, Media
- Customers
- Developers, Consumers, Enterprises
- Delivery models
- API, Hosted Software
- Revenue models
- Subscription, Usage Based
- Listing status
- Not classified
- Latest equity round
- Series D
- Reported funding amount
- $200M-$1B
About
ElevenLabs builds AI audio products for realistic text-to-speech, speech-to-text, voice cloning, music, sound effects, dubbing, and conversational agents. It sells to developers, enterprises, and creators through APIs and integrated products, differentiating through a broad platform for natural-sounding, voice-centric AI experiences.
Market
ElevenLabs competes in the AI audio, speech-synthesis, and voice-agent market, positioning itself around highly realistic voice technology and an expanding platform for enterprise agents, creator workflows, and developer APIs. Its differentiation is the combination of natural-sounding speech, production-oriented tools for integrations and monitoring, multilingual creative generation across 70+ languages, and access to foundational AI audio models.
ElevenLabs serves businesses ranging from fast-growing startups to large enterprises, especially teams deploying voice or chat agents for customer experiences. It also targets creators, marketers, and developers who need multilingual generative audio and AI audio APIs.
At a Glance
Problem
Producing natural, expressive voice audio at scale is costly and operationally cumbersome when it depends on recording studios, voice actors, and repeated editing or localization work. ElevenLabs addresses this bottleneck for creators and businesses that need high-quality audio quickly, with a particularly strong use case in video and other content production where voices can be created within minutes without traditional recording resources. Audiobooks, podcasts, games, and localized video are additional high-volume applications.
Product / Service
ElevenLabs provides a generative AI audio platform built on its own foundational models. Its core technology converts text into natural-sounding speech with varied tones, accents, emotions, and contextual expression; users can also clone a host voice for faster edits and generate character voices for interactive media. The platform is delivered through products and developer-oriented services, enabling teams to create and integrate audio for content, applications, and customer experiences.
Market
ElevenLabs competes in the generative AI audio, voice-generation, and speech-synthesis market. The available research does not identify individual rivals by name, but one market source reports 299 competing tools in the broader artificial-intelligence category, indicating a crowded and expanding field. Its differentiation is its emphasis on human-like, expressive output and its extension beyond basic text-to-speech into broader audio creation.
The company shows meaningful commercial traction rather than appearing to be merely pre-launch: ElevenLabs says it is trusted by leading developers and enterprises, and its customer-story roster includes organizations such as Twilio, The Walt Disney Studios, Cisco, Nvidia, Revolut, Meta, and Bertelsmann. The supplied evidence does not provide revenue, customer-count, or profitability figures, so its precise financial scale and revenue status cannot be determined.
Founders & Leadership
Funding History
Credo Ventures
Nat Friedman, Daniel Gross, Andreessen Horowitz
Andreessen Horowitz, Nat Friedman, Daniel Gross
Andreessen Horowitz, ICONIQ Growth
KPN Ventures
Sequoia Capital, ICONIQ
Nvidia
Sequoia Capital
Robinhood
Vinci
Recent News
Sia announced a partnership with ElevenLabs to help enterprise clients design, build, integrate, and deploy voice agents. The partnership includes a Voice AI hackathon for identifying use cases and a Voice Agent Build & Scale offering.
ElevenLabs closed a $300 million employee tender offer that valued the company at $22 billion, double its February Series D valuation. Wellington and T. Rowe Price led the transaction, which enabled employees to sell vested shares.
ElevenLabs launched Eleven v4, an emotive text-to-speech model, alongside the low-latency Eleven v4 Turbo. The company said Turbo was available in ElevenAgents and supports expressive speech for conversational use cases.
ElevenLabs announced Image, Video, and Template APIs. The company’s announcement was published on September 26, 2026.
Descript’s September 17 release roundup introduced caption presets and animations, on-request AI generation of background music and sound effects, and AI voice replacement for recordings. It also added ElevenLabs’ voice library to its voice picker and moved its Zapier app into Zapier’s Connectors marketplace, alongside other improvements.
ElevenLabs released Music v2.5 on September 11, making it the default model for prompted and reference generation in ElevenMusic. The company said it was also available in ElevenCreative and through its API, with improved musical layers and instruments and lossless downloads on every plan.
ElevenLabs and Universal Music Group announced a multi-year strategic agreement covering licensing and product development. The collaboration begins with a licensed AI music-creation platform and is ElevenLabs’ first agreement with a major record label.
ElevenLabs announced that Ethan Tandowsky joined the company as Chief Financial Officer. The appointment was listed among the company’s September 2026 company updates.
ElevenLabs announced that Ashley Kramer joined the company as its first Chief Revenue Officer. Kramer previously led enterprise sales at OpenAI and will lead ElevenLabs’ global revenue function, oversee its partnership ecosystem, and work with customers and partners.
Gumloop announced a revamped connectors experience and new MCP integrations for Zip and ElevenLabs. The updates let agents handle procurement workflows through Zip and generate audio through ElevenLabs, while making connectors easier to browse and connect.
ElevenLabs announced on August 22, 2026 that its hosted MCP server is replacing its local MCP server and MCP player. The hosted server uses OAuth, requires no local installation or API key, and is intended for clients including Claude and Cursor.
ElevenLabs announced that Dubbing v2 became available through its API on August 10. The API translates audio and video into more than 90 languages while preserving each speaker’s voice, tone, and pacing, with editable transcripts and translations through a project-based workflow.
ElevenLabs reported crossing $500 million in annual recurring revenue and welcomed new investors including BlackRock, NVIDIA, Jamie Foxx, and Eva Longoria.
ElevenLabs entered a partnership with the San Francisco Giants to bring AI voice and multilingual audio to Oracle Park. It will serve as presenting sponsor of the Champions Suite.
Active Roles
155Business Model
ElevenLabs monetizes through recurring creator, professional, business, and enterprise subscriptions, with plans priced by included credits, seats, and features. It also charges usage-based API rates for services such as text-to-speech, speech-to-text, music, dubbing, voice changing, and sound-effects generation, while offering custom-priced enterprise contracts.
Products
Customers
Tech Stack
Similar Companies
Competitors
Key Investors
Sequoia Capital, Andreessen Horowitz, ICONIQ Growth, Lightspeed, Evantic Capital, Bond