ElevenLabs is a prominent software company specializing in AI-driven audio technologies, particularly in the field of speech synthesis. The company has developed advanced algorithms that generate natural-sounding speech, making it a leader in the text-to-speech (TTS) market.
Founded with the mission to revolutionize audio content creation, ElevenLabs has quickly gained recognition in the AI audio research and deployment space. The company focuses on developing models that produce realistic and versatile audio outputs, catering to both individual users and businesses.
It has raised a Series C round of $180 million, valuing the company at $3.3 billion post-money. Its ARR is now said to be $100M, which is more than the $80M reported last month.
ElevenLabs Historical Milestones
Jul 9, 2026
ElevenLabs ARR hit $600M within just 29 months of launching its first product$600M
⚡ Grew from $500M to $600M ARR in just 2.1 months
May 5, 2026
ElevenLabs ARR crosses $500M, from $0 to $500M in 3 years and 3 months$500M
⚡ Grew from $330M to $500M ARR in just 3.7 months (beating 52% of SaaS peers)
Jan 15, 2026
ElevenLabs ARR Hit $330M$330M
⚡ Grew from $300M to $330M ARR in just 1.4 months