ElevenLabs ARR Hits $200M
Sep 8, 2025
ElevenLabs—a rising star in AI-driven voice synthesis—has officially surpassed $200 million in ARR, signaling a significant milestone in its rapid growth trajectory.
The company expects to reach $300 million in ARR by year-end, underpinned by an impressive 200% YoY growth in enterprise revenue and a balanced mix between enterprise and self-serve revenue streams, now approaching a 50/50 split.
ElevenLabs delivers advanced voice-generation tools—like expressive text-to-speech (TTS), voice cloning, AI dubbing, and even AI-generated music—for creators, developers, and enterprise users alike.
Recent product innovations such as Eleven v3 (its most expressive TTS model) and Eleven Music (studio-quality music from text prompts) expand its Creative Platform’s appeal.
Additionally, its Agents Platform empowers businesses to build AI-driven conversational agents—2 million+ deployed so far—enabling use cases across customer support, scheduling, education, and more, with seamless integration and low latency.
On the financial front, ElevenLabs has secured strong backing to fuel its expansion. In January 2025, it closed a $180M Series C round, boosting its valuation to $3.3 billion and bringing total funding to around $281M.
Notably, just nine months later, the company launched a $100M employee tender offer at a $6.6B valuation, doubling its prior Series C valuation—demonstrating investor confidence and offering liquidity to its growing team.