ElevenLabs surpassed $330 million in annual recurring revenue last year, CEO Mati Staniszewski said in an interview with Bloomberg, underscoring rapid growth in the voice AI market. The company reached $100 million in ARR within 20 months of launch, followed by $200 million in 10 months and the latest milestone in five months.
Staniszewski said adoption spans Fortune 500 companies and startups using ElevenLabs’ voice agents for customer support and customer experience workflows. The company said enterprises now deploy its technology to handle more than 50,000 calls per month, powered by models trained on company data and internal knowledge bases.
The startup raised $180 million in a Series C round in June 2025 led by a16z and ICONIQ Growth at a $3.3 billion valuation. It later doubled its valuation after ICONIQ and Sequoia invested an additional $100 million to acquire employee shares.
Beyond voice generation, ElevenLabs expanded into music creation and recently launched licensed celebrity voice offerings. The company signed Oscar-winning actors Matthew McConaughey and Michael Caine for its Iconic Voices Marketplace, allowing approved use of their voices in AI-generated media.
