ElevenLabs

ElevenLabs is a voice and audio artificial intelligence company that builds text-to-speech AI, voice cloning, AI dubbing, generative sound effects, music synthesis, and conversational voice agent technology. Mati Staniszewski and Piotr Dabkowski, friends from Warsaw, founded the company in 2022.^[4] In February 2026, ElevenLabs announced a $500 million Series D led by Sequoia Capital at an $11 billion valuation, bringing disclosed funding to $781 million across five rounds.^[5][6] In May 2026, the company said it had exceeded $500 million in annual recurring revenue during the first four months of the year.^[1] On September 30, 2026, ElevenLabs said it had closed a $300 million employee tender offer led by Wellington and T. Rowe Price that valued it at $22 billion, double its Series D valuation; in the tender, employees sold existing shares to investors.^[79][80] Chief executive Mati Staniszewski said the same month that the company had reached $600 million in annual recurring revenue, with enterprise customers accounting for more than 55 percent of the business.^[83]

ElevenLabs Inc.
Type	Private
Industry	Artificial intelligence, voice synthesis, audio AI[7]
Founded	2022[61]
Founders	Mati Staniszewski (CEO) Piotr Dabkowski (CTO)[4]
Headquarters	London, United Kingdom; New York, United States[19]
Key people	Mati Staniszewski (CEO) Piotr Dabkowski (CTO) Ethan Tandowsky (CFO) Ashley Kramer (CRO)[1][90][91]
Employees	More than 800 (September 2026)[79]
Products	Text-to-speech models (Eleven v4, Eleven v4 Turbo, Eleven v3, Multilingual v2, Flash v2.5) Scribe speech-to-text models Eleven Realtime speech-to-speech models Instant and Professional Voice Cloning Voice Library AI Dubbing Studio ElevenAgents conversational AI (AI Voice Agent) platform Sound Effects Eleven Music v2 and the ElevenMusic app ElevenReader app Audio Native Voice Isolator Voice Changer (Speech-to-Speech)[7][25][105][108][115]
Revenue	$600 million ARR (CEO statement, September 2026); more than $500 million ARR (company-reported, April 2026)[1][83]
Funding	At least $781 million in primary funding across five rounds by February 2026; a third Series D close was disclosed in May 2026[1][2] Separate employee tender offers (secondary sales) of $100 million (September 2025), $100 million (disclosed May 2026), and $300 million (September 2026)[1][79][84]
Valuation	$22 billion (employee tender offer, September 2026); $11 billion at the Series D announcement (February 2026; no valuation was disclosed for the May and June 2026 Series D closes)[3][79][80][22][88]
Website	elevenlabs.io

The company's product line includes Eleven v3, Multilingual v2 and low-latency Flash speech models, instant and professional voice cloning, a public Voice Library, an AI dubbing pipeline, and a conversational AI agent platform.^[7] ElevenLabs also operates a consumer Reader application and a publisher tool called Audio Native that turns blog posts and articles into narrated audio. The technology has also been used for harmful impersonation. In January 2024, an account used ElevenLabs software to create a robocall imitating United States President Joe Biden before the New Hampshire primary; ElevenLabs subsequently banned the account.^[8]

History

Founding and early development (2022 to 2023)

Mati Staniszewski and Piotr Dabkowski met at high school in Warsaw, Poland, and stayed in contact through university and their first jobs. Dabkowski studied at the University of Oxford and the University of Cambridge, conducted machine learning research, and later worked at Google.^[9][10] Staniszewski studied mathematics at Imperial College London and worked at Palantir Technologies.^[10] Both founders have described their motivation for starting the company as the experience of growing up with Polish voice-over and dubbing that did not preserve the original performances' emotional range.^[9][10]

Eleven Labs Ltd was incorporated in the United Kingdom in January 2022.^[61] ElevenLabs publicly launched its beta platform on January 23, 2023, alongside the announcement of a $2 million pre-seed round led by Credo Ventures.^[11] The release drew rapid attention for voice cloning, including misuse: within weeks, the Associated Press documented synthetic clips imitating public figures and reported that the company had begun restricting access and exploring additional safeguards.^[12]

First funding rounds and the Series A (June 2023)

ElevenLabs released Multilingual v1 on April 27, 2023, adding French, German, Hindi, Italian, Polish, Portuguese, and Spanish to its English speech model.^[68] In June, the company announced a $19 million Series A round co-led by Andreessen Horowitz, the former GitHub chief executive Nat Friedman, and the entrepreneur Daniel Gross. TechCrunch reported a post-money valuation of about $99 million.^[13] The same month, ElevenLabs announced a partnership with the Swedish audiobook subscription service Storytel to develop AI-narrated audiobooks and a listener-selectable VoiceSwitcher feature.^[14]

Series B and unicorn status (January 2024)

In January 2024, ElevenLabs raised an $80 million Series B round co-led by Andreessen Horowitz, Nat Friedman, and Daniel Gross, with Sequoia Capital, Smash Capital, SV Angel, BroadLight Capital, and Credo Ventures participating, valuing the company at $1.1 billion and making it one of the youngest European AI unicorns at the time.^[15][16] The company said the announcement introduced or previewed a Dubbing Studio workflow, a Voice Library marketplace, a mobile Reader app, and faster or more broadly multilingual models. TechCrunch described Dubbing Studio and the mobile app as products planned for the following weeks, and described the marketplace as an alpha release, so the announcement should not be read as proof that every feature was generally available that day.^[15][16]

Series C and expansion (2025)

ElevenLabs closed a $180 million Series C round on January 30, 2025, co-led by ICONIQ Growth and Andreessen Horowitz with participation from Sequoia Capital, NEA, World Innovation Lab, Valor Equity Partners, Endeavor Catalyst, and Lunate, plus strategic investments from Deutsche Telekom, LG Technology Ventures, HubSpot Ventures, NTT DOCOMO Ventures, and RingCentral Ventures.^[17] The round valued the company at $3.3 billion and brought total funding to $281 million. ElevenLabs said its annualized revenue had grown more than threefold over the previous year and that employees at more than 60 percent of Fortune 500 companies had used its platform or API; this was a company-reported adoption measure, not a count of corporate procurement contracts.^[17][18]

ElevenLabs said the Series C proceeds would support research into more controllable voice AI, product development, developer and enterprise tools, safety work, and international expansion.^[17] During 2025, it expanded its presence in London, New York, Warsaw, Bengaluru, Tokyo, and several other markets.^[19]

In September 2025, ElevenLabs launched a $100 million tender offer that let employees sell shares at a $6.6 billion valuation, double the Series C price. Existing investors Sequoia and ICONIQ led the purchase, with a16z, Smash Capital, and World Innovation Lab participating, and Tech.eu reported that staff who had worked at the company for more than a year were eligible.^[84][85] In the announcement, Staniszewski wrote that ElevenLabs had passed $200 million in ARR earlier in 2025 and that the team had grown to more than 330 people from 70 a year earlier.^[84]

Series D and the path to public markets (February to June 2026)

On February 4, 2026, ElevenLabs announced a $500 million Series D financing led by Sequoia Capital, with Sequoia partner Andrew Reed joining the board and participation from Andreessen Horowitz, ICONIQ Growth, Lightspeed Venture Partners, Bond, and Evantic Capital. The round valued the company at $11 billion.^[20][21] ElevenLabs reported more than $330 million in annual recurring revenue at the announcement and said enterprise revenue had grown by more than 200 percent year over year.^[20] In May, the company disclosed a third close of the Series D, said it had ended 2025 at $350 million ARR and exceeded $500 million ARR in the first four months of 2026, and reported a team of 530 people across more than 50 countries.^[22] New investors in that close included the institutions BlackRock, Wellington, D.E. Shaw, and Schroders, and more than 30 actors, musicians, athletes, and entertainment executives, among them Jamie Foxx, Eva Longoria, and Hwang Dong-hyuk.^[22][86] The company also named enterprise customers that were now investing, among them Nvidia (through NVentures), Salesforce, Santander, KPN, and Deutsche Telekom (through T.Capital). Some of these were not new shareholders: Deutsche Telekom and Salesforce Ventures had already invested at the time of the Series C, and CNBC reported in February 2026 that Staniszewski said Nvidia had invested in September 2025.^[22][17][3] The company said it would also let retail investors buy a stake through Robinhood Ventures, and that it had closed a second $100 million employee tender offer alongside the Series D.^[22][86] TechCrunch reported that ElevenLabs had acquired the team of the Polish voice AI startup Papla in April 2026.^[86]

In June 2026, Vinci, an investment company in the group of Poland's state development bank BGK, invested $11 million (about 42 million zloty) in ElevenLabs as part of an extended Series D round. BGK did not disclose the size of its stake. Staniszewski said the capital would go to expansion in the region and to AI Lab Poland, a joint initiative with the Polish state intended to help Polish AI companies grow.^[87][88][89]

At the Series D announcement, Staniszewski said the company was building towards an initial public offering.^[23] He had told CNBC in July 2025 that the aim was to be ready for an IPO within five years,^[92] and TNW later reported that he had spoken of being ready in two to three years and of possibly considering a dual listing in Warsaw.^[82] Asked in September 2026 to confirm a reported 2028 target, he said the company was "preparing the foundation to be able to do it in the next years" and that whether it did so would "depend on the time and place."^[83]

Employee tender at a $22 billion valuation (July to October 2026)

On July 2, 2026, Reuters, citing Bloomberg News, reported that ElevenLabs was exploring a secondary share sale that would let employees sell stock at a valuation of about $22 billion, with the transaction expected by September; the company declined to comment.^[81] In mid-September, TNW, also citing Bloomberg, reported that the Scaleup Europe Fund, a €5 billion growth fund backed by the European Commission and managed by EQT, was in talks to invest in a new ElevenLabs funding round of more than $500 million, and that there was no guarantee a deal would happen.^[82]

On September 30, 2026, ElevenLabs said it had closed a $300 million employee tender offer that valued the company at $22 billion, double its Series D valuation in February. Wellington and T. Rowe Price led the transaction. BDT & MSD, EQT, GIC, Goldman Sachs, OTPP, and Sapphire Ventures invested in ElevenLabs for the first time through the tender, alongside existing investors including Alkeon, Andreessen Horowitz, D.E. Shaw, DISRUPTIVE, Evantic, ICONIQ, and Lightspeed.^[79] TechCrunch described the deal as letting employees cash out a portion of their vested equity.^[80] The company's announcement did not mention the primary round described in the September talks report.^[79]

In the same announcement, ElevenLabs said enterprise customers accounted for 55 percent of its revenue, that its agents were handling more than 15 million conversations a week (three times the February level), that ElevenAgents annual recurring revenue had more than tripled since February, and that it had more than 800 employees.^[79] In a TechCrunch interview published a week earlier, Staniszewski said the company was at $600 million in ARR. He declined to discuss gross margins in detail; TechCrunch wrote that he did not mind margins being squeezed further if it meant expanding the company's market share.^[83]

The company also added senior executives. Ashley Kramer, who had most recently led enterprise sales at OpenAI, joined as chief revenue officer in September 2026, and Ethan Tandowsky, previously chief financial officer of the payments company Adyen, joined as chief financial officer the same month.^[91][90] In June, ElevenLabs had named Alex Holt, one of its first ten employees, as field CTO.^[94]

International expansion and public-sector work (2026)

Through 2026, ElevenLabs paired market launches with government agreements. On June 8, it signed a memorandum of understanding with the UK Department for Science, Innovation and Technology covering voice AI for public services and accessibility, AI security research with the UK AI Security Institute, and talent development. It also said it would move into a London headquarters three times the size of its existing office and double its UK headcount to 200.^[94] On June 22, it announced plans to hire 173 people in California with support from the state's California Competes Tax Credit program.^[95] It formally launched in Canada in July, with a first Canadian office planned for Toronto,^[96] and announced new offices in Brussels, Amsterdam, and Singapore between September 30 and October 8, 2026.^[97][98][99] In July, the company said it had signed a memorandum of understanding with Brazil's Superior Electoral Court, its first with a national electoral authority, to add a voice interface to the court's Electoral Assistant ahead of Brazil's October elections.^[104]

On October 1, 2026, ElevenLabs said it had achieved FedRAMP 20x Class A certification, covering ElevenAgents and its text-to-speech and speech-to-text APIs when run in Zero Retention Mode with US data residency.^[100] Later that month it announced renewals of certifications including ISO/IEC 27001, ISO 27701, ISO/IEC 42001, SOC 2 Type II, and PCI DSS Level 1.^[101] On October 13, Baroness Campbell of Surbiton, a member of the House of Lords who has spinal muscular atrophy, used an ElevenLabs recreation of her own voice to deliver a speech in the chamber. Agence France-Presse reported it as the first time an AI-generated voice had been used to give a speech in the UK Parliament.^[102][103]

How fast has ElevenLabs grown?

In January 2026, Staniszewski said ElevenLabs had taken 20 months to reach $100 million in ARR, another 10 months to reach $200 million, and five more months to pass $330 million.^[24] TechCrunch reported in May 2026 that Staniszewski had said the company added $100 million in net new ARR in the first quarter of 2026, ending the quarter at roughly $450 million.^[86] In September 2026, he said ElevenLabs was at $600 million in ARR,^[83] and the company said large organizations accounted for 55 percent of its revenue, up from 40 percent a year earlier.^[90] These figures, and the $500 million and $600 million milestones, are company-reported annualized subscription metrics rather than audited revenue statements.^[22][24][83]

Funding rounds

In the employee tender offers, existing shareholders (mainly staff) sold shares to investors, so the proceeds went to the sellers rather than adding new capital to the company's balance sheet.^[80][93]

Products

ElevenLabs exposes its audio models through a self-serve web product and developer APIs. Its documented capabilities span speech synthesis, voice cloning, dubbing, sound effects, music, conversational agents, and consumer reading applications.^[7][25]

Text-to-speech models

ElevenLabs' text-to-speech model family covers different tradeoffs among expressive range, language coverage, latency, and cost. Its API documentation exposes distinct model identifiers and recommends different models for long-form narration and real-time applications.^[25][26]

Eleven Multilingual v2 is positioned for long-form narration, while Flash v2.5 trades some expressive range for lower latency in interactive applications. ElevenLabs' current model guide lists the earlier Turbo v2 and v2.5 identifiers as deprecated in favor of Flash.^[26] ElevenLabs introduced Eleven v3 in alpha in June 2025 and made it generally available on February 2, 2026. It supports more than 70 languages, multi-speaker dialogue, and bracketed inline directions for delivery such as whispering, laughter, excitement, and sighing.^[27]

On September 28, 2026, ElevenLabs released Eleven v4 and a low-latency variant, Eleven v4 Turbo, which it described as built on a new architecture. Both support more than 90 languages, accept natural-language delivery directions and inline audio tags, and support Professional Voice Clones; the company said Instant Voice Clones could be made from about 10 seconds of audio. ElevenLabs reported a median inference latency of about 100 milliseconds for v4 Turbo and, in its own tests, a median time to first audible speech of about 150 milliseconds. It also said v4 ranked first on Artificial Analysis's Provider Voice Arena leaderboard in September 2026 and was preferred by about 75 percent of listeners in blind comparisons it ran against Cartesia Sonic 3.6, Inworld TTS-2, and two Google Gemini TTS models. These are vendor-reported results.^[105][106]

Speech to text (Scribe)

ElevenLabs sells speech recognition models under the Scribe name. Scribe v2 Realtime, released in November 2025, targets live uses such as voice agents, meeting assistants, and captioning; the company said it transcribes speech in under 150 milliseconds.^[107] Scribe v2, released in January 2026, is aimed at batch transcription, subtitling, and captioning of long recordings, with keyterm prompting for up to 100 terms and detection of up to 56 categories of personal, health, and payment information.^[108] In September 2026, ElevenLabs made Scribe v2 Medical, a version fine-tuned on clinical audio, generally available. In its own evaluations on public benchmarks such as Corti's MedDictate, the company said the model cut word error rate on clinical audio by about 35 percent compared with base Scribe v2.^[109]

Voice cloning

ElevenLabs provides two main voice cloning paths.

Instant Voice Cloning, generally referred to as IVC, creates a voice from a short reference recording without training a dedicated model. ElevenLabs recommends about one to two minutes of clear, consistent audio and describes the result as available near-instantly. The company notes that performance depends on the reference recording and may be less consistent for an unusual voice or accent.^[28]

Professional Voice Cloning, or PVC, fine-tunes a dedicated model from a larger recording set. ElevenLabs recommends between thirty and 180 minutes of high-quality audio and says fine-tuning usually takes several hours.^[28] To use PVC, a user must complete a Voice Captcha step in which they read specified, dynamically generated text within a time limit, designed to verify that the account holder owns the voice being cloned. ElevenLabs says failed or inconclusive attempts can be routed to manual review.^[29]

In addition to private voice clones, ElevenLabs operates a public Voice Library where creators can share verified Professional Voice Clones. Creators set usage terms and receive cash rewards when paid customers generate audio with a shared voice; ElevenLabs says free-user activity is excluded from payout calculations.^[30]

AI dubbing and Studio

Dubbing Studio is an editor for reviewing and changing transcripts, translations, timing, speaker assignments, and generated clips in a dub. It offers clip-level clones, track-level clones, and other voices from the Voice Library.^[31] By August 2026, ElevenLabs' documentation described Dubbing Studio as a legacy v1 workflow in maintenance mode, with only critical bug fixes planned. New dubs use Dubbing v2 by default, while existing Dubbing Studio customers retain access through the legacy v1 option.^[31] ElevenCreative Studio, formerly called Projects, is a separate production editor for long-form audio and video. Its current interface combines narration, video, captions, music, and sound effects on a timeline.^[74] In September 2026, the company released Studio 4.0, which generates video, images, voiceovers, music, and sound effects directly on the editing timeline and adds an AI co-editor called Studio Agent.^[123]

Conversational AI agent platform

In November 2024, ElevenLabs launched a Conversational AI platform for building AI voice agents that combine the company's speech technology with configurable large language models, including models from OpenAI, knowledge sources, and tools.^[32] In June 2025, the company released Conversational AI 2.0, which changed interruption handling, turn-taking, pacing, and related controls.^[33] By the time of the Series D announcement in February 2026, ElevenLabs said customers had created more than two million agents on the platform across customer support, scheduling, sales, training, and entertainment use cases, and it rebranded the enterprise offering as ElevenAgents.^[34]

ElevenLabs continued to extend ElevenAgents during 2026. Procedures, released in alpha in June, let teams give agents structured or free-form instructions for specific tasks such as refunds or claims intake, and can be drafted from imported standard operating procedures.^[110] In September, the company introduced Reception, an AI receptionist for small businesses that answers calls and books appointments,^[111] and ElevenAgents was listed as a launch partner on OpenAI's enterprise Marketplace, which OpenAI announced at its DevDay event.^[112] October releases included ElevenAgents Architect, a built-in assistant that analyzes transcripts and proposes configuration changes;^[113] synthetic voice detection, which classifies a caller as human or AI-generated in the first seconds of a call, announced together with the company joining the Personal Agent Protocol working group led by Meta and Sierra;^[114] and Eleven Realtime v1 Mini and v1 Max, speech-to-speech models that each act as a complete voice agent and offer an API compatible with the OpenAI Realtime API. ElevenLabs reported benchmark results measured by Artificial Analysis for the Realtime models, including 98.8 percent accuracy for v1 Max on Big Bench Audio.^[115] A day later it released Eleven Realtime Translation in alpha for enterprise API customers, with Deutsche Telekom building it into its Magenta AI Call Assistant.^[116]

ElevenLabs had previously released an MIT-licensed local Model Context Protocol server in April 2025. That implementation is a Python server designed to run on the user's machine and communicate with desktop MCP clients over standard input and output. It uses an ElevenLabs API key and forwards requests to the company's cloud APIs rather than running speech models locally. The repository exposes operations for speech generation, transcription, voice discovery and creation, sound effects, and conversational-agent workflows.^[63][64] The local package therefore places installation, updates, and credential management with the user, even though the underlying generation occurs on ElevenLabs infrastructure.

By August 2026, ElevenLabs also documented a separate hosted remote MCP server. The hosted service requires no local installation and authenticates through OAuth instead of asking the user to copy an API key into the MCP client. During authorization, the user selects an ElevenLabs workspace and reviews the requested scopes. ElevenLabs' documentation says the connection is published in the Claude Desktop connector directory, while the underlying endpoint can also be configured by compatible clients that support remote MCP connections.^[65] The local repository remained available, so the hosted service should not be described as the company's first MCP implementation. Nor does remote hosting mean that the client can reach every account resource: the OAuth grant is tied to the approved workspace and scopes. The user can revoke the connection from the MCP client or from ElevenLabs account settings.^[65]

According to ElevenLabs' product documentation, the hosted server can expose tools to list, create, duplicate, update, and delete agents; compare configurations; inspect recent conversations, transcripts, and topics; estimate expected LLM usage and cost before a change; retrieve widget and knowledge-base information; and generate speech as a short-lived download.^[65] The estimate describes expected language-model consumption for a proposed configuration, not a billing guarantee. OAuth scopes form one control layer, while client-side tool settings can disable operations or require confirmation. In Claude, the documented controls let administrators and users disable individual tools or require per-call confirmation, with an administrator's restriction taking precedence over a user's setting. The documentation specifically identifies agent deletion as destructive and recommends confirmation before it runs.^[65] These controls govern whether a tool may be invoked; they do not verify the factual correctness of an assistant's proposed configuration change.

This hosted service operates in the opposite direction from ElevenLabs' separate inbound MCP integration. The hosted server lets an external assistant manage resources in an ElevenLabs workspace, whereas the inbound feature lets an ElevenLabs conversational agent call tools on a third-party MCP server.^[66] ElevenLabs requires workspace-level enablement for inbound connections and documents Streamable HTTP and server-sent events as supported transports. Its documentation also says inbound MCP is not eligible for Zero Data Retention or coverage under a HIPAA Business Associate Agreement, and assigns customers responsibility for reviewing the security and data practices of third-party servers.^[66] These restrictions do not apply automatically to the hosted connector in the same way, because the two products have different data flows. The published capability and control lists are vendor documentation, not an independent evaluation of accuracy, cost savings, reliability, or security.

In August 2026, ElevenLabs released version 1 of a command-line interface that exposes every endpoint in its published OpenAPI specification as subcommands and supports an agents-as-code workflow, in which agent configurations are pulled into local files, edited, and pushed back to a workspace.^[117]

Sound effects and Eleven Music

In June 2024, ElevenLabs released a generative Sound Effects model that produces short audio clips from a text prompt for game, video, and podcast workflows.^[35] Eleven Music v1 followed in 2025. In May 2026, the company released Music v2 with section-by-section composition, inpainting, audio-reference controls, multilingual output, and more complex vocal delivery. ElevenLabs says the model was trained on licensed data and cleared for commercial use under its product terms; these are company representations rather than an independent rights audit.^[36] In April 2026, it launched ElevenMusic, an app for music discovery, remixing, and creation built in partnership with artists, labels, and publishers.^[118]

On September 10, 2026, Universal Music Group and ElevenLabs announced a multi-year licensing agreement and strategic collaboration, which the companies described as ElevenLabs' first agreement with a major label. The first planned product is a fan-facing music creation platform, built on licensed music from participating artists and songwriters, for remixes, mashups, and new interpretations of tracks; it is to be offered separately from ElevenMusic and the Music API. The announcements did not give a launch date or name participating artists.^[119][120]

Reader app and Audio Native

The consumer ElevenLabs Reader application launched on iOS in June 2024 and reached Android in July 2024.^[37][67] It lets users listen to articles, PDFs, EPUB files, and other text with a selection of ElevenLabs voices. At the Android launch, availability was limited to the United States, United Kingdom, and Canada, with wider distribution and 32-language support described as forthcoming; the cited announcements do not establish that the app remained free indefinitely.^[37][67] Audio Native is a separate publisher product that lets website owners embed an AI-narrated player into their pages on platforms including WordPress, Webflow, and Squarespace, generating audio versions of new posts automatically.^[38]

The Reader app is now branded ElevenReader. In June 2026, ElevenLabs released an audiobook adaptation of Homer's The Odyssey on ElevenReader, narrated by the official AI voice of Sir Michael Caine with a full cast of character voices, as the first original audiobook from its ElevenProductions unit.^[121] In October 2026, it launched ElevenReader in Brazil with about 70,000 licensed Brazilian Portuguese titles through a partnership with Bookwire Brasil.^[122]

Voice Isolator and Voice Changer

Voice Isolator removes background noise from an uploaded or newly recorded audio file and returns a downloadable file with the speech isolated. ElevenLabs documents a maximum upload of 500 megabytes or one hour and offers the function through both its web product and API.^[39] Voice Changer, originally branded Speech-to-Speech, re-renders a source recording in another voice while preserving the source performance's tone and delivery. ElevenLabs presents it as a way to transfer cadence and emotion or correct pronunciation without relying only on a text prompt.^[40]

Product lineup summary

Use cases

Audiobooks and publishing

Publishing was an early commercial market for ElevenLabs. Its June 2023 Storytel partnership covered AI-produced audiobook narration and a planned VoiceSwitcher feature through which listeners could choose among multiple voices for selected titles.^[41] ElevenLabs markets text-to-speech, voice cloning, dubbing, Studio, Reader, and Audio Native to publishers, and lists publishing partnerships and deployments including Storytel, TIME, HarperCollins, and The Washington Post. These customer and product examples come from ElevenLabs' own publishing materials and do not establish adoption across the publishing industry as a whole.^[42]

Video games and interactive entertainment

ElevenLabs markets its speech models to game studios for character dialogue, localization, prototyping, and dynamic in-game speech, and names Paradox Interactive among its gaming customers.^[43] Eleven v3 also accepts bracketed inline directions for nonverbal events and delivery, including laughter and whispering. The capability was introduced by the company for media workflows; the cited launch material does not independently measure production adoption or performance in games.^[44]

Accessibility and voice banking

In August 2024, ElevenLabs launched an accessibility program that gives free Professional Voice Cloning licenses to people who have lost or are losing their voices to medical conditions, beginning with people living with motor neuron disease and amyotrophic lateral sclerosis (ALS). The program later expanded to people affected by progressive supranuclear palsy, multiple sclerosis, stroke, oral and throat cancer, laryngectomy, Tay-Sachs disease, and other conditions that can take away a person's natural voice.^[45] The company partnered with the United States nonprofit Bridging Voice to provide eligible people with ALS a free Pro voice-clone license so they can bank a voice for use with assistive devices.^[46] ElevenLabs later broadened this work through its Impact Program and a company-reported initiative to provide in-kind access to nonprofit, education, cultural, and accessibility projects. By 2026, the company said the program had worked with more than 1,100 organizations; this figure is not an independent outcome evaluation.^[47]

Enterprise voice agents and contact centers

The Conversational AI platform is used by enterprises to build voice and chat agents for customer support, scheduling, lead qualification, and internal training. In its February 2026 Series D announcement, ElevenLabs named customers including Deutsche Telekom, Square, the Ukrainian government, Revolut, Meta, Epic Games, Salesforce, MasterClass, Harvey, Duolingo, Nvidia, and TIME.^[48] A December 2025 Forbes profile estimated that corporate customers accounted for around half of the company's trailing revenue.^[49] In its September 2026 tender announcement, the company said organizations including Stripe, Deutsche Telekom, DoorDash's SevenRooms, Admiral, Customers Bank, Cadence, and the governments of Ukraine and Greece had rolled out ElevenAgents since February,^[79] and TechCrunch reported that Klarna ran first-line phone support for 35 million US customers on ElevenLabs.^[83]

Safety, controversies, and policy response

What happened with the Biden New Hampshire robocall?

In the days before the January 23, 2024 Democratic primary in New Hampshire, thousands of voters received automated calls using an AI-generated voice resembling United States President Joe Biden and urging them not to vote in the primary.^[50] Pindrop reported a 99 percent likelihood that the audio had been generated with components from ElevenLabs or a similar system and said ElevenLabs' own classifier returned an 84 percent probability; those figures were forensic assessments, not absolute proof.^[51] The Federal Communications Commission later found that political consultant Steve Kramer had commissioned the message and that another person used ElevenLabs software to create it. The FCC imposed a $6 million forfeiture on Kramer and separately held that AI-generated voices fall within the Telephone Consumer Protection Act's restrictions on artificial or prerecorded voice calls.^[52]

Voice cloning safeguards

ElevenLabs uses identity and voice-verification controls for Professional Voice Cloning and maintains a list of restricted "No-Go Voices" that includes some political and other high-risk public figures.^[53][54] It also provides an AI Audio Classifier intended to estimate whether audio was generated by ElevenLabs and has described work with the Coalition for Content Provenance and Authenticity (C2PA). These controls reduce some forms of misuse but do not establish that generated audio is always detectable or that every unauthorized clone is blocked.^[54] In 2024, ElevenLabs announced a partnership with deepfake-detection vendor Reality Defender for enterprise audio detection.^[55] In July 2026, the company said it had begun working with Google DeepMind to apply SynthID watermarking to audio generated on its platform, identifiable through its free Audio Detector, and that it refines and expands the No-Go Voices list as new election cycles begin.^[104]

Ongoing policy debate

The Biden incident prompted regulatory enforcement and civil litigation. The League of Women Voters and other plaintiffs sued Kramer and the organizations involved in the calls, arguing that the campaign violated federal and state voter-protection and telecommunications laws.^[56] ElevenLabs' use policy prohibits fraud, voter suppression, harmful impersonation, and specified unauthorized uses of another person's voice. The policy is a contractual rule for the service, not a guarantee that misuse cannot occur.^[57]

Competition

ElevenLabs operates in overlapping speech-synthesis, voice-agent, dubbing, sound-generation, and music markets. Murf's own comparison page illustrates overlap in text-to-speech, cloning, and business-content workflows, but it is marketing material rather than an independent ranking.^[58] PlayHT also exposes text-to-speech and voice-cloning APIs.^[78] OpenAI offers real-time speech-to-speech and audio APIs, while Google Cloud provides a text-to-speech API.^[75][76] LiveKit Agents is a real-time agent framework that can connect speech and language-model providers.^[77] Music Business Worldwide has described Eleven Music as a Suno rival.^[59] Some customers also compete with ElevenLabs: TechCrunch noted in September 2026 that Decagon, a conversational AI platform that trained its voice product on ElevenLabs, now competes with it.^[83] The company's own launch materials compared Eleven v4 with text-to-speech models from Cartesia, Inworld, Google, xAI, and OpenAI, and compared Scribe v2 Medical with transcription models including OpenAI's GPT Transcribe and Deepgram Nova-3 Medical.^[105][109] These sources show product overlap, not market share. Independent estimates and company disclosures indicate a substantial standalone audio-AI business, although annual recurring revenue is not directly comparable with audited revenue.^[60]

Corporate structure

ElevenLabs operates from hubs including London, New York, Warsaw, Bengaluru, and Tokyo while employing people across multiple countries. The active UK company Eleven Labs Ltd, company number 13826669, was incorporated on January 4, 2022.^[61] United States fundraising filings also identify Eleven Labs Inc as an issuer.^[62] In May 2026, the company reported 530 employees across more than 50 countries and identified Mati Staniszewski as chief executive officer and Piotr Dabkowski as chief technology officer.^[1][22] By September 2026, it reported more than 800 employees,^[79] and its executive team included chief financial officer Ethan Tandowsky and chief revenue officer Ashley Kramer.^[90][91] Its 2026 announcements also named hubs in San Francisco and Los Angeles, a planned first Canadian office in Toronto, and offices in Brussels, Amsterdam, and Singapore.^{[95][96][97][98][99]}

Continue reading

• VVoice cloningVoice cloning is the use of machine learning to generate synthetic speech in the voice of a specific real person (the target speaker) from a sample of their recorded audio.Mentioned 15 times above
• TText-to-SpeechText-to-speech (TTS) refers to artificial intelligence systems that convert written text into natural-sounding spoken audio.Mentioned 11 times above
• Andreessen HorowitzAndreessen Horowitz, commonly styled a16z, is an American venture capital firm founded in 2009 by Marc Andreessen and Ben Horowitz. It invests from seed through growth stage in technology companies.Mentioned 8 times above
• OpenAIOpenAI is an American artificial intelligence research and deployment organization.Mentioned 8 times above
• ElevenLabs v3Eleven v3, marketed by ElevenLabs as Eleven v3 (alpha), is a third-generation text-to-speech model that ElevenLabs released in public alpha on June 5, 2025 and described as "the most expressive Text to Speech…Mentioned 6 times above
• ElevenLabs MusicElevenLabs Music (also marketed as Eleven Music) is an AI music generation product developed by ElevenLabs, the voice AI company founded in 2022 by Piotr Dabkowski and Mati Staniszewski.Mentioned 5 times above

More from See also

• List of neolabs
• Neolab
• Cartesia
• Deepgram
• Rime (company)
• AI Voice Agent
• PlayHT
• LiveKit Agents
• Artificial Intelligence

Topics:AI CompaniesGenerative AISpeech & Audio AIVoice AI

References

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4. ^1 ^2ElevenLabs. "ElevenLabs Announces $19m Series A Round." June 20, 2023. elevenlabs.io/...iel-gross-and-andreessen-horowitz
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67. ^1 ^2 ^3ElevenLabs. "The Reader App is now on Android." July 22, 2024. elevenlabs.io/...the-reader-app-is-now-on-android
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69. ^1 ^2 ^3ElevenLabs. "ElevenLabs Comes Out of Beta and Releases Eleven Multilingual v2." August 22, 2023. elevenlabs.io/...ech-model-for-nearly-30-languages
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80. ^1 ^2 ^3 ^4 ^5TechCrunch (Marina Temkin). "AI voice startup ElevenLabs doubles valuation to $22B." September 30, 2026. techcrunch.com/...venlabs-doubles-valuation-to-22b
81. ^Reuters, via Yahoo Finance. "ElevenLabs explores employee stock sale at $22 billion valuation, Bloomberg News reports." July 2, 2026. finance.yahoo.com/...employee-stock-sale-195523028
82. ^1 ^2TNW (Ana-Maria Stanciuc). "EU-backed Scaleup Europe Fund in talks to invest in ElevenLabs." September 17, 2026. thenextweb.com/...unding-scaleup-europe-fund-talks
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84. ^1 ^2 ^3 ^4ElevenLabs (Mati Staniszewski). "Announcing an Employee Tender Offer at $6.6B valuation." September 8, 2025. elevenlabs.io/...announcing-an-employee-tender
85. ^1 ^2Tech.eu. "ElevenLabs confirms employee share sale at $6.6BN valuation, double valuation of nine months ago." September 8, 2025. tech.eu/...-employee-share-sale-at-6-6bn-valuation
86. ^1 ^2 ^3 ^4TechCrunch (Ivan Mehta). "ElevenLabs lists BlackRock, Jamie Foxx, and Eva Longoria as new investors." May 5, 2026. techcrunch.com/...nd-eva-longoria-as-new-investors
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88. ^1 ^2 ^3Notes from Poland. "Poland invests $11m in ElevenLabs to develop Polish AI hub." June 18, 2026. notesfrompoland.com/...bs-to-develop-polish-ai-hub
89. ^1 ^2Bankier.pl (PAP Biznes). "Powstanie AI Lab Poland. Spolka BGK inwestuje ponad 40 mln zl w ElevenLabs." June 17, 2026. bankier.pl/...ponad-40-mln-zl-w-ElevenLabs-9152692
90. ^1 ^2 ^3 ^4ElevenLabs. "Ethan Tandowsky joins ElevenLabs as Chief Financial Officer." September 8, 2026. elevenlabs.io/...cfo
91. ^1 ^2 ^3ElevenLabs. "Ashley Kramer joins ElevenLabs as Chief Revenue Officer." September 2, 2026. elevenlabs.io/...cro
92. ^CNBC (Ryan Browne). "AI voice startup ElevenLabs pushes global expansion as it gears up for an IPO." July 3, 2025. cnbc.com/...bs-plots-global-expansion-eventual-ipo
93. ^TNW (Alina Maria Stan). "ElevenLabs in talks for tender offer at $22bn valuation, doubling February mark." July 3, 2026. thenextweb.com/...ender-offer-22-billion-valuation
94. ^1 ^2ElevenLabs (Mati Staniszewski). "ElevenLabs partners with the UK Government to bring voice AI to public services, as it expands London HQ." June 8, 2026. elevenlabs.io/...uk-mou-and-expansion
95. ^1 ^2ElevenLabs. "ElevenLabs to expand in California creating 173 high-paying jobs." June 22, 2026. elevenlabs.io/...expanding-in-california
96. ^1 ^2ElevenLabs. "ElevenLabs is launching in Canada." July 7, 2026. elevenlabs.io/...canada
97. ^1 ^2ElevenLabs. "ElevenLabs launches in Belgium." September 30, 2026. elevenlabs.io/...belgium
98. ^1 ^2ElevenLabs. "ElevenLabs launches in the Netherlands." October 1, 2026. elevenlabs.io/...elevenlabs-netherlands
99. ^1 ^2ElevenLabs. "ElevenLabs launches in Singapore." October 8, 2026. elevenlabs.io/...elevenlabs-singapore
100. ^ElevenLabs. "ElevenLabs is now FedRAMP 20x Class A certified." October 1, 2026. elevenlabs.io/...abs-fedramp-20x-class-a-certified
101. ^ElevenLabs. "ElevenLabs' commitment to security, privacy, and responsible AI: certified and renewed." October 16, 2026. elevenlabs.io/...certification-renewals
102. ^ElevenLabs. "Baroness Campbell gives the UK Parliament's first ever AI-voiced speech with ElevenLabs." October 13, 2026. elevenlabs.io/...er-ai-voiced-speech-uk-parliament
103. ^Agence France-Presse, via Daily Tribune. "AI helps lawmaker with disability address parliament." October 14, 2026. tribune.net.ph/...th-disability-address-parliament
104. ^1 ^2ElevenLabs. "Strengthening and protecting elections." July 24, 2026. elevenlabs.io/...elections
105. ^1 ^2 ^3 ^4 ^5ElevenLabs (Mati Staniszewski and Piotr Dabkowski). "Introducing Eleven v4, our most emotive model." September 28, 2026. elevenlabs.io/...eleven-v4
106. ^VKTR. "ElevenLabs Launches Eleven v4 and v4 Turbo for Expressive, Real-Time Voice AI." September 28, 2026. vktr.com/...enlabs-launches-eleven-v4-and-v4-turbo
107. ^1 ^2ElevenLabs. "Introducing Scribe v2 Realtime." November 11, 2025. elevenlabs.io/...introducing-scribe-v2-realtime
108. ^1 ^2 ^3ElevenLabs. "Introducing Scribe v2." January 9, 2026. elevenlabs.io/...introducing-scribe-v2
109. ^1 ^2ElevenLabs. "Scribe v2 Medical is now available to everyone." September 22, 2026. elevenlabs.io/...be-v2-medical-generally-available
110. ^ElevenLabs. "Introducing Procedures in ElevenAgents." June 30, 2026. elevenlabs.io/...procedures
111. ^1 ^2ElevenLabs. "Introducing Reception, by ElevenAgents." September 16, 2026. elevenlabs.io/...reception
112. ^ElevenLabs. "ElevenAgents, now on the OpenAI Marketplace." September 29, 2026. elevenlabs.io/...nts-now-on-the-openai-marketplace
113. ^ElevenLabs. "Introducing ElevenAgents Architect." October 6, 2026. elevenlabs.io/...elevenagents-architect
114. ^ElevenLabs. "Defining how AI agents interact with your business." October 9, 2026. elevenlabs.io/...ction-and-personal-agent-protocol
115. ^1 ^2 ^3ElevenLabs. "Introducing Eleven Realtime: a simpler way to build natural voice agents." October 20, 2026. elevenlabs.io/...realtime
116. ^ElevenLabs. "Talk to anyone, in any language, in realtime." October 21, 2026. elevenlabs.io/...realtime-translation
117. ^1 ^2ElevenLabs. "Introducing the ElevenLabs CLI v1." August 24, 2026. elevenlabs.io/...elevenlabs-cli-v1
118. ^1 ^2ElevenLabs. "Introducing ElevenMusic." April 29, 2026. elevenlabs.io/...introducing-elevenmusic
119. ^ElevenLabs. "Universal Music Group and ElevenLabs announce multi-year strategic agreement." September 10, 2026. elevenlabs.io/...umg
120. ^Mediaweek. "Universal Music Group and ElevenLabs strike AI deal." September 10, 2026. mediaweek.com.au/...-and-elevenlabs-strike-ai-deal
121. ^ElevenLabs. "ElevenLabs releases The Odyssey audiobook narrated by Sir Michael Caine's AI voice." June 23, 2026. elevenlabs.io/...the-odyssey-michael-caine
122. ^ElevenLabs. "ElevenReader launches in Brazil with Fábio Porchat and 70,000 Brazilian Portuguese books in audio." October 8, 2026. elevenlabs.io/...azilian-portuguese-books-in-audio
123. ^ElevenLabs. "Introducing Studio 4.0 in ElevenCreative." September 21, 2026. elevenlabs.io/...introducing-studio-4

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