ElevenLabs company profile: valuation, funding & revenue

This ElevenLabs company profile covers the company's valuation, revenue, funding rounds, investors and history. ElevenLabs works in artificial intelligence, with a focus on voice AI and conversational agents. It was founded in 2022 and is headquartered in London, United Kingdom. Its latest valuation on record is US$11 billion (February 2026). Every figure links to a public source, and anything the company hasn't disclosed is marked as such.

Revenue

More than US$500 million ARR, up from US$350 million at the end of 2025 — Annual recurring revenue (company-reported), as of April 2026. Source: ElevenLabs.

Funding history

ElevenLabs timeline

Key dates from the sources on this page, oldest first. Metric snapshots are listed after the funding events.

• 2022 — ElevenLabs is founded in London by Mati Staniszewski (CEO) and Piotr Dąbkowski (CTO).
• Jan 2025 — Series C: US$180M, valuing the company at US$3.3B. Investors: Andreessen Horowitz and ICONIQ Growth (co-leads).
• Feb 2026 — Series D: US$500M, valuing the company at US$11B. Investors: Sequoia Capital (lead); Andreessen Horowitz, ICONIQ, Lightspeed, Evantic, BOND.
• May 2026 — Series D (third close): Not disclosed. Investors: BlackRock, Wellington, D.E. Shaw, Schroders, NVentures, Santander, Deutsche Telekom (T.Capital).
• May 2026 — Employees: 530 across more than 50 countries.
• May 2026 — Employee tender offer: US$100 million, its second in under a year.

Investors

Overview

ElevenLabs builds AI that generates and understands speech. Its models can turn text into natural-sounding voices in dozens of languages, clone a voice from a short sample with permission, dub videos into other languages while keeping the speaker's voice, and power conversational voice agents that answer phone calls and chats. Media companies use it for audiobooks, dubbing and narration; developers use its API inside their own apps; and, increasingly, large enterprises use its agents for customer support and sales.

Mati Staniszewski, the CEO, and Piotr Dąbkowski, the CTO, founded ElevenLabs in 2022. Both grew up in Poland; Staniszewski previously worked at Palantir and Dąbkowski at Google. The idea came partly from the poor quality of dubbed films in Poland, where a single voice often reads every character. The company has headquarters in London and New York and a large team in Poland, with employees in more than 50 countries.

Products

• Text to speech: lifelike voices for narration, content and apps, including its expressive Eleven v3 and v4 models.
• Voice cloning and voice library: users can create a voice of their own or license voices from a marketplace, where voice owners earn payments.
• Dubbing: automatic translation of video and audio into other languages.
• ElevenAgents: a platform for building voice and chat agents that handle customer calls, sales, recruiting and training.
• Music and creative tools: Eleven Music and tools for marketing audio and video.

How ElevenLabs makes money

Revenue comes from three main sources: self-serve subscriptions for creators and small businesses, usage-based API fees from developers, and enterprise contracts. The enterprise and agent business has become the main driver, as companies such as Deutsche Telekom, Santander, KPN, Salesforce and Nvidia deploy voice agents and other products. Deutsche Telekom, for example, uses ElevenLabs for customer support agents, live translation during calls and marketing videos.

Revenue growth

ElevenLabs is among the fastest-growing AI companies. The company said it ended 2025 with about US$350 million in annual recurring revenue (some coverage at the time of its Series D cited more than US$330 million), and that it passed US$500 million in the first four months of 2026. Growth has been driven by enterprises deploying voice agents for customer support, sales, hiring and marketing.

Funding history

• January 2025, Series C: US$180 million at a US$3.3 billion valuation, co-led by Andreessen Horowitz and ICONIQ Growth.
• February 2026, Series D: US$500 million at an US$11 billion valuation, led by Sequoia Capital, whose partner Andrew Reed joined the board. Andreessen Horowitz and ICONIQ increased their stakes, and Lightspeed, Evantic and BOND joined.
• May 2026, Series D third close: new investors including BlackRock, Wellington, D.E. Shaw and Schroders, strategic investors Nvidia, Santander and Deutsche Telekom, and more than 30 actors, musicians and entertainment figures. Retail investors could take part through Robinhood Ventures. A US$100 million employee tender offer closed alongside it.

Mid-2026 reports suggested talks about a secondary sale at a much higher valuation. We haven't seen it confirmed, so the data above uses the closed Series D figure.

Responsible voice AI

Voice cloning can be misused for fraud and impersonation, so safety is central to ElevenLabs' reputation. The company requires verification for professional voice clones, uses detection tools to identify audio made with its models, and blocks the voices of certain public figures. Regulation of synthetic media is developing quickly, particularly in Europe, and how well ElevenLabs handles misuse will affect both its brand and its compliance costs.

Competitive landscape

ElevenLabs competes with voice products from large AI labs, including OpenAI and Google, with cloud providers' speech services, and with specialist voice startups. In customer service agents it also competes with contact centre software companies. Its advantages are voice quality, language coverage, a large developer community and fast product releases.

What to watch next

Watch ARR milestones, enterprise agent deployments, new models, any confirmed secondary sale or new round, regulation of voice cloning, and IPO talk.

Key facts at a glance

ElevenLabs is a voice AI company founded in 2022 by Mati Staniszewski and Piotr Dąbkowski, with headquarters in London and New York. It raised US$180 million at US$3.3 billion in January 2025 and US$500 million at US$11 billion in February 2026, led by Sequoia. It ended 2025 with about US$350 million in ARR and passed US$500 million in early 2026.

Why voice agents are taking off

Phone-based customer service is expensive, and callers dislike long waits and rigid menus. Earlier voice bots sounded robotic and misunderstood people often. The combination of natural speech, fast response times and large language models that can understand intent has changed that. Companies can now deploy agents that handle routine calls in many languages, around the clock, passing complex cases to people. For a voice AI company, each enterprise deployment can be large and grows with call volumes, which helps explain ElevenLabs' rapid revenue growth.

Tender offers at fast-growing startups

ElevenLabs ran two employee tender offers in under a year. For fast-growing companies whose employees hold valuable but illiquid equity, regular tenders help retain staff and reduce pressure to go public early. See our guide to selling startup shares before an IPO.

What this means if you're…

A customer service leader: test voice agents on real call types, measuring resolution rates, handover quality and customer satisfaction.

A media company: AI dubbing can open new language markets cheaply, but check voice rights and quality.

An investor: compare the valuation with ARR growth and watch competition from large AI labs.

Latest developments (October 2026)

ElevenLabs' February 2026 Series D of US$500 million, led by Sequoia Capital at US$11 billion, was later extended with new investors including BlackRock, Nvidia and Salesforce Ventures, according to TechCrunch. The company said annual recurring revenue passed US$500 million in early 2026, up from nearly US$350 million at the end of 2025. See our AI voice companies guide.

Sources

Every figure on this page comes from the public sources below. Where sources disagreed, we used the company's own announcement or a primary news report. Private-company data changes; check the date beside each figure.

1. eWEEK
2. ElevenLabs
3. Wikipedia