ElevenLabs
Generative voice AI; text-to-speech, voice cloning, dubbing, and conversational voice agents
SectorsAI Software
Market Metrics
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
Updated at 2026-Q1
Funding History
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 |
Updated at 2026-Q1
Product Specifications
| 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 |
Updated at 2026-Q1
Partnerships & Investors
HarperCollins / StorytelPublisher Customers
Author-approved AI narration of catalog backlist; targets economics of midlist titles.
Warner Music / UniversalMusic Industry
Voice-cloning licensing program for posthumous artist releases (controlled, opt-in).
BBC + The Washington Post + Time + The AtlanticPublisher Customers
AI-narrated articles + podcasts on news properties.
SpotifyDistribution Partner
Spotify AI Voice Translation feature powered by ElevenLabs (Sep 2023); Lex Fridman / Steven Bartlett pilot.
OpenAI / Anthropic / GoogleModel Stack
Conversational AI platform pipelines through customer-chosen LLMs.
Tinder / Match GroupCustomer
ElevenLabs voice powers AI assistant features in Tinder + Match products.
Ford / Apple App IntelligenceVoice OEM
Integrated as a voice provider in select automotive + device deployments.
Updated at 2026-Q1
Key Milestones
Sep 2022
Company Founded
Mati Staniszewski (ex-Palantir) and Piotr Dabkowski (ex-Google ML) launch ElevenLabs in London
Jan 2023
VoiceLab Public Beta
Text-to-speech + instant voice cloning go viral; first voice-AI product to cross 1M user accounts
Jun 2023
Series A at $100M
Andreessen Horowitz leads $19M; Mustafa Suleyman, Jeff Dean personally invest
Jan 2024
Series B at $1.1B (16 months from founding)
One of fastest seed-to-unicorn paths in modern AI; Sequoia joins
Apr 2024
Voice Library + Audio Native
Marketplace of community-curated voices; Audio Native auto-generates podcasts from text
Aug 2024
Studio Launch
Long-form audiobook + dubbing platform; partners with HarperCollins, Storytel, BBC
Jan 2025
Conversational AI Platform GA
Sub-second latency voice agents; turns ElevenLabs from TTS vendor to full voice-agent platform
May 2025
Eleven v3 Released
Frontier-grade multilingual TTS model (32 languages); emotion + prosody controls
Aug 2025
Tender at $6.6B
Per Bloomberg; ARR reportedly crosses $200M run-rate
Feb 2026
Series D at $11B
$500M led by Sequoia; more than triples the Jan 2025 valuation; closed 2025 above $330M ARR and is eyeing an IPO
Updated at 2026-Q1