ElevenLabs, founded in 2022 by Piotr Dabkowski and Mati Staniszewski, is headquartered in New York and valued at $11 billion following a $500 million Series D round in February 2026.[1,2,4,5] The company develops AI models for text-to-speech, speech-to-text, sound effects, dubbing, music generation, and conversational agents, with $330 million ARR at the end of 2025.[1,2]
Key Facts
| Founded | 2022 |
| HQ | New York, USA |
| Funding | Series D ($500M, February 2026; total $781M) |
| Valuation | $11B (February 2026) |
| Key products | ElevenLabs TTS, Voice Agents, Dubbing, Music |
What They Do
ElevenLabs builds foundational AI models across the audio stack, including text-to-speech, transcription, sound effects, dubbing, music, and conversation.[1,3,4] These models integrate with orchestration and enterprise infrastructure for production platforms used by businesses, creators, and developers.[1,3]
The company expanded from voice synthesis to full audio AI, adding voice agents for customer support, 29-language video dubbing, text-to-music generation launched in August 2025, celebrity voice deals with Michael Caine and Matthew McConaughey, and an enterprise voice marketplace.[2] Operations span London, New York, San Francisco, Warsaw, Dublin, Tokyo, Seoul, Singapore, Bengaluru, Sydney, São Paulo, Berlin, Paris, and Mexico City.[4]
Current Flagship Products
- ElevenLabs TTS platform with human-like synthesis across multiple languages. Supports web, API, and integrations. Flagship model: Eleven Multilingual v3 (2026).[1,3]
- Voice Agents: Conversational AI for customer service and phone automation with low-latency interaction. ElevenAgents platform for enterprise deployment.[2,3,4]
- Dubbing: Video dubbing in 29 languages preserving original voice traits. Supports content translation and re-voicing.[2]
- Music: ElevenLabs Music for text-to-music generation, launched August 2025.[2]
- Voice Cloning: Custom voices from audio samples, with professional and instant options plus celebrity licensing.[2]
- Sound Effects: Text-to-sound effects generation.[1]
Recent News
- February 4, 2026: Raised $500 million Series D at $11 billion valuation, total funding $781 million; eyes IPO.[1,4,5]
- Year-end 2025: Reached $330 million ARR.[1,2]
- September 2025: Secondary round at $6.6 billion valuation.[2]
- January 2025: Series C at $3.3 billion valuation.[2]
- August 2025: Launched ElevenLabs Music.[2]
- March 2026: Expanded enterprise adoption with local teams in 14 cities.[4]
Strategic Position
ElevenLabs leads in audio AI quality, with models rated closest to human speech and a data flywheel from user growth.[1,2] Enterprise adoption by firms like Deutsche Telekom and Square drives ARR acceleration.[1] Opportunities include voice agents for call centers, dubbing for localization, and music generation markets. Threats are open-weight models like Mistral Voxtral, Google TTS advances, and OpenAI voice tools, though ElevenLabs holds a quality edge as of April 2026.[2,3] Local deployments and safety measures support enterprise trust.[3]
Sources
- ElevenLabs Series D Announcement
- SaaStr on ARR and Growth
- ElevenLabs About Page
- EU-Startups on Funding
- Wikipedia
Spotted an error or want to share your experience with ElevenLabs?
Every tool page is re-verified on a recurring cycle, and corrections land faster when readers flag them directly. If you spot a stale fact, a missing capability, or have used ElevenLabs and want to share what worked or didn't, the editorial desk reviews every message sent through this form.
Email editorial@aipedia.wiki