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ElevenLabsGenerative voice AI; text-to-speech, voice cloning, dubbing, and conversational voice agents
Valuation (Feb 2026 Series D)
$11B
more than 3x from $3.3B (Jan 2025)
Annualized Revenue (end-2025)
~$330M
toward ~$500M in 2026; enterprise adoption (Deutsche Telekom, Revolut)
Languages Supported (Eleven v3)
32
Frontier multilingual TTS with emotion + prosody controls
Time Founded to Unicorn
16 months
Sep 2022 founding to Jan 2024 Series B at $1.1B; one of fastest in modern AI
Total raised: ~$1B+ · Latest valuation: $11B
| Round | Date | Amount | Valuation | Key Investors |
|---|---|---|---|---|
| Seed | Sep 2022 | $2M | - | Concept VenturesCredo VenturesSebastian Siemiatkowski (Klarna) |
| Series A | Jun 2023 | $19M | $100M | Andreessen Horowitz (lead)Nat FriedmanDaniel GrossMustafa Suleyman+1 more |
| Series B | Jan 2024 | $80M | $1.1B | Andreessen Horowitz (lead)SequoiaNat FriedmanDaniel Gross+2 more |
| Series C | Jan 2025 | $180M | $3.3B | Andreessen Horowitz (lead)ICONIQ GrowthSequoia |
| Tender | Aug 2025 | ~$200M (reported) | $6.6B | Existing investors per Bloomberg / The Information |
| Series D | Feb 2026 | $500M | $11B | Sequoia (lead)Andreessen HorowitzICONIQLightspeed+2 more |
| Product | Type | Status |
|---|---|---|
| Eleven v3 | Frontier multilingual TTS (32 languages, emotion + prosody control) | GA (May 2025) |
| VoiceLab | Text-to-speech + voice cloning web app | GA |
| Voice Library | Marketplace of cloned + community voices (creator revenue share) | GA |
| Studio | Long-form audiobook + video dubbing | GA |
| Conversational AI | Voice-agent platform (STT + LLM + TTS pipeline, sub-second latency) | GA (Jan 2025) |
| Audio Native | Auto-narrate websites + blogs | GA |
| ElevenLabs API | Developer API for TTS, voice cloning, dubbing, conversational agents | GA |
Author-approved AI narration of catalog backlist; targets economics of midlist titles.
Voice-cloning licensing program for posthumous artist releases (controlled, opt-in).
AI-narrated articles + podcasts on news properties.
Spotify AI Voice Translation feature powered by ElevenLabs (Sep 2023); Lex Fridman / Steven Bartlett pilot.
Conversational AI platform pipelines through customer-chosen LLMs.
ElevenLabs voice powers AI assistant features in Tinder + Match products.
Integrated as a voice provider in select automotive + device deployments.
Mati Staniszewski (ex-Palantir) and Piotr Dabkowski (ex-Google ML) launch ElevenLabs in London
Text-to-speech + instant voice cloning go viral; first voice-AI product to cross 1M user accounts
Andreessen Horowitz leads $19M; Mustafa Suleyman, Jeff Dean personally invest
One of fastest seed-to-unicorn paths in modern AI; Sequoia joins
Marketplace of community-curated voices; Audio Native auto-generates podcasts from text
Long-form audiobook + dubbing platform; partners with HarperCollins, Storytel, BBC
Sub-second latency voice agents; turns ElevenLabs from TTS vendor to full voice-agent platform
Frontier-grade multilingual TTS model (32 languages); emotion + prosody controls
Per Bloomberg; ARR reportedly crosses $200M run-rate
$500M led by Sequoia; more than triples the Jan 2025 valuation; closed 2025 above $330M ARR and is eyeing an IPO
AI voice generation and cloning. Approximately $100M+ ARR reported in 2025. Customer mix spans creators, publishers, and enterprise. Series C raised $180M at a $3.3B valuation in 2025 led by a16z and ICONIQ. ElevenLabs was founded in 2022, is headquartered in London, UK and employs ~250.
ElevenLabs has raised ~$1B+ in total at a $11B valuation, based on the funding rounds Sterling tracks.
Sterling groups ElevenLabs in the AI Software sector, alongside Perplexity (private), Midjourney (private), Runway (private) and Suno (private).
If you are researching ElevenLabs, also look at Perplexity (private), Midjourney (private) and Runway (private). You can browse the full AI Software sector on Sterling.
