ElevenLabs

ElevenLabs, founded in 2022 by Piotr Dabkowski and Mati Staniszewski, builds AI audio models and products for text-to-speech, speech-to-text, voice cloning, sound effects, dubbing, music generation, image/video surfaces, and conversational agents.

As of June 12, 2026, ElevenLabs’ strongest verified company signal remains its official May 2026 update: the company said it crossed $500 million in ARR. Its February 2026 Series D raised $500 million at an $11 billion valuation and brought total funding to $781 million. The latest buyer-sensitive update is pricing clarity: self-serve plans now span Free through $990/month Business, while ElevenAPI and ElevenAgents also support pay-as-you-go usage.

What They Do

ElevenLabs builds foundational AI models across the audio stack, then packages them into three commercial lanes: ElevenCreative for creators and brands, ElevenAgents for conversational AI and customer workflows, and ElevenAPI for developers building voice infrastructure into products.

The company expanded from voice synthesis into speech-to-text, sound effects, dubbing, music, voice cloning, and agents that can work across voice, chat, email, and other channels. ElevenLabs’ pricing page now places Image & Video beside Text to Speech, Speech to Text, Voice Changer, Sound Effects, Voice Isolator, Music, Dubbing, Studio, Voices, and Productions, which means buyers should evaluate it as a broader audio/creative platform rather than a standalone TTS tool.

Current Flagship Products

• ElevenLabs TTS: platform with web, API, and workflow surfaces. ElevenLabs’ help center lists Eleven v3 as the latest and most advanced speech synthesis model, with broad emotional control and multilingual support.
• ElevenAgents: Conversational AI platform for customer support, sales, marketing, training, hiring, and internal workflows. Costs depend on whether a call is voice-only, multimodal, or text-only; LLM costs are passed through separately.
• ElevenCreative: Creator and brand platform for generating, editing, and localizing audio across voice, dubbing, music, sound effects, Studio, and newer image/video surfaces.
• ElevenAPI: Developer infrastructure for text to speech, speech to text, dubbing, sound effects, music, and agents APIs. ElevenLabs’ May 7 pricing update lowered self-serve API and agent rates and introduced pay-as-you-go usage.
• Dubbing and localization: Video/audio localization workflows that preserve voice traits and support global content production.
• Music and sound effects: Generative audio tools for text-to-music and text-to-sound-effects workflows.

Recent News

• May 7, 2026: ElevenLabs lowered self-serve API and ElevenAgents pricing and introduced pay-as-you-go usage. The company said Text to Speech is up to 55% lower cost, Speech to Text up to 45% lower, and ElevenAgents up to 20% lower.
• May 2026: ElevenLabs said it crossed $500M ARR in the first four months of 2026, welcomed new investors including BlackRock, Wellington, NVIDIA/NVentures, Santander, Jamie Foxx, and Eva Longoria, and completed a $100M tender offer.
• February 2026: ElevenLabs raised a $500M Series D at an $11B valuation, bringing total funding to $781M across five rounds.
• February 2026: The Series D announcement positioned ElevenAgents as a major enterprise focus and described a voice-agent upgrade with faster response times, turn-taking improvements, and the Eleven v3 Conversational model.
• 2025 to 2026: ElevenLabs said it ended 2025 with $350M ARR and crossed $500M ARR by early May 2026.

Strategic Position

ElevenLabs is strongest where voice quality, low latency, localization, agent deployment, and enterprise workflow breadth matter together. Its official customer examples include Deutsche Telekom, Square, the Ukrainian Government, Revolut, Duolingo, NVIDIA, TIME, Meta, Epic Games, Salesforce, MasterClass, and Harvey across agents, localization, customer support, training, and developer infrastructure.

The main buyer risk is cost and governance. ElevenLabs pricing is credit-based for creative/API usage, and agent pricing can depend on voice-only calls, multimodal calls, text messages, LLM pass-through, silence handling, and telephony components. Enterprise buyers should verify voice rights, consent, safety review, retention, language coverage, region support, and production latency before standardizing on generated voices.

Current Buyer Notes