ElevenLabs
AI Voice Synthesis
- Valuation
- $11B(Feb 2026, Series D)
- Total Funding
- $1B+
- Revenue
- $500M+ ARR(Apr 2026, added $100M net new ARR in Q1 2026 alone)
- Profit Status
- Growing rapidly toward profitability; eyeing IPO
- Employees
- ~600
About ElevenLabs
ElevenLabs develops the most realistic AI voice synthesis technology available. Their models capture emotional nuance, accent, and prosody at a level indistinguishable from humans.
Company History
Founded 2022 in Warsaw. Unicorn Jan 2024. $180M Series C at $3.3B Jan 2025. Eleven v3 launched Feb 2026 (70+ languages, multi-character dialogue tags). Conversational AI 2.0 Jan 2026. $500M Series D (Sequoia led, NVIDIA, Salesforce, BlackRock) at $11B Feb 4, 2026. $500M+ ARR by Apr 2026. 41% of Fortune 500 use ElevenLabs. IPO target within 2-3 years.
AI Models & Benchmarks
5 modelsEleven v4
Most expressive ElevenLabs TTS model; new architecture; 90+ languages. Low-latency sibling: Eleven v4 Turbo.
Eleven v3
Previous-generation expressive TTS model. Emotions, pacing, emphasis, dynamic delivery. 32 languages.
Eleven Flash v2.5
Ultra-low latency (75ms) for real-time voice agent applications.
Eleven Multilingual v2
28 languages with human-level emotion and prosody. Industry-leading quality.
Voice Design
Generate completely synthetic voices from text description.
Funding Rounds
4 rounds| Date | Round | Amount | Investors |
|---|---|---|---|
| Jun 2023 | Series A | $19M | a16z, Nat Friedman |
| Jan 2024 | Series B | $80M | a16z, ICONIQ Growth |
| Jan 2025 | Series C | $180M | a16z, ICONIQ, $3.3B valuation |
| Feb 2026 | Series D | $500M | Sequoia Capital (lead), NVIDIA, Salesforce, BlackRock, $11B valuation |
Products & Services
5- Text-to-Speech API
- Voice Cloning
- Voice Library
- Projects
- Dubbing
People & ecosystem
Key People
- Mati Staniszewski (CEO)
- Piotr Dąbkowski (CTO)
Key Investors
- Sequoia Capital
- a16z
- ICONIQ Growth
- NVIDIA
- Salesforce
- BlackRock
- Wellington
- Deutsche Telekom
Competitive Landscape
- OpenAI TTS
- Google Cloud TTS
- Microsoft Azure TTS
- Mistral Voxtral
- Suno (music)