ElevenLabs
Headquarters
New York, NYFounded
2022CEO / Founder
Mati StaniszewskiEmployees
201-500Funding
Series D+ — $781MProducts
1 product listedAvg. AI Score
8.3/10Website
elevenlabs.io
Profile updated
About ElevenLabs
ElevenLabs is an AI audio technology company headquartered in New York, founded in 2022 by Mati Staniszewski and Piotr Dąbkowski, both former Google and Palantir engineers. The company develops software for generating realistic synthetic speech, voice cloning, and multilingual audio content from text.
Its core products include a text-to-speech API, a voice cloning tool that can replicate a speaker's voice from short audio samples, a dubbing product for translating and re-voicing video content, and a text-to-sound-effects generator. ElevenLabs serves publishers, game developers, audiobook producers, and media companies, and its API is used by developers to embed voice generation into third-party applications.
ElevenLabs raised a $19M Series A in 2023 led by Andreessen Horowitz, followed by an $80M Series B in January 2024 at a reported $1.1 billion valuation, and a $180M Series C in January 2025. The company reached unicorn status with its Series B round and has grown to several hundred employees across its New York headquarters and international offices.
Specialties
Financials
Dated, source-cited figures. Estimates are marked.
Products by ElevenLabs
All products by ElevenLabs reviewed by our AI panel of experts.
How Our Review Panel Scores ElevenLabs
Six independent reviewer personalities assessed ElevenLabs's product on their own terms. They landed within 0.8 points of each other, an unusually strong consensus.
Averaged across 1 reviewed product in our catalog. Scores are out of 10.
Competitive Landscape
Who ElevenLabs competes with, and how they differ.
Focuses on studio-style voiceover creation for marketing and e-learning videos rather than low-latency conversational agents or developer APIs.
1 product reviewed on TopReviewed
Competes directly on ultra-low-latency TTS models for real-time voice agents, with a smaller voice library and more developer-infrastructure-focused positioning.
1 product reviewed on TopReviewed
Targets enterprise voice cloning and localization use cases with a similar API model but a smaller multilingual voice catalog.
1 product reviewed on TopReviewed
Primarily a speech-to-text and voice API infrastructure provider, competing with ElevenLabs mainly on the STT/voice-agent side rather than TTS voice generation breadth.
1 product reviewed on TopReviewedOffers a comparable large multilingual TTS voice library and API/SDK access aimed at developers and content creators, at a generally lower price point.
Bundles TTS and voice-agent capabilities into a broader model platform with fewer voice customization options but deep integration with its existing developer ecosystem.
2 products reviewed on TopReviewedCompany Timeline
Key milestones in ElevenLabs's history, with sources.
- Funding
Series D -- $500M led by Sequoia Capital at $11B valuation
ElevenLabs raised $500 million in a Series D round led by Sequoia Capital, more than tripling its valuation to $11 billion and bringing total funding to $781 million since its 2022 founding; the company closed 2025 with over $330 million in ARR.
elevenlabs.io - Milestone
Employee tender offer -- $100M at $6.6B valuation
ElevenLabs announced a $100 million employee tender offer led by Sequoia and ICONIQ at a $6.6 billion valuation, double its Series C mark, alongside surpassing $200 million in ARR.
elevenlabs.io - Funding
Series C -- $180M led by a16z and ICONIQ Growth at $3.3B valuation
ElevenLabs raised $180 million in a Series C round co-led by Andreessen Horowitz and ICONIQ Growth, tripling its valuation to $3.3 billion and bringing total funding to $281 million across four rounds.
elevenlabs.io - Acquisition
Acqui-hires the Omnivore reader-app founding team
ElevenLabs hired the founding team behind Omnivore, an open-source read-it-later app, to work on its own ElevenReader app; Omnivore's codebase remained independently open source rather than being absorbed as a product.
techcrunch.com - Funding
Series B -- $80M at $1.1B valuation, reaches unicorn status
An $80 million Series B co-led by Andreessen Horowitz, Nat Friedman and Daniel Gross valued ElevenLabs at $1.1 billion, per a source cited by Fortune -- over tenfold its ~$100M valuation eight months earlier.
fortune.com - Funding
Series A -- $19M co-led by a16z, Nat Friedman and Daniel Gross
ElevenLabs raised a $19 million Series A at a $99 million post-money valuation, per a source familiar with the matter cited by TechCrunch; a16z took a board seat.
techcrunch.com - Launch
Beta text-to-speech platform launches for English and Polish
Alongside the pre-seed announcement, ElevenLabs released a beta version of its text-to-speech platform and a voice-cloning model requiring no fine-tuning.
elevenlabs.io - Funding
Pre-seed round -- $2M led by Credo Ventures
ElevenLabs raised a $2 million pre-seed round led by Credo Ventures, with Concept Ventures and angel investors participating.
elevenlabs.io - Founded
ElevenLabs founded by Piotr Dabkowski and Mati Staniszewski
Polish entrepreneurs Piotr Dabkowski (ex-Google ML engineer, CTO) and Mati Staniszewski (ex-Palantir, CEO) founded the AI voice synthesis company in 2022; sources differ on the exact founding month.
en.wikipedia.org
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