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ElevenLabs

ElevenLabs builds AI voice models and products for speech generation, dubbing, transcription and voice agents, used by creators, developers and large companies.

  • AI-native creation
  • London, United Kingdom
  • Founded 2022
  • Independent

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What ElevenLabs does

ElevenLabs trains its own models that turn text into natural speech, transcribe audio, clone and design voices, dub video into other languages and generate music and sound effects. Creators and marketers use these through a web studio, developers through an API, and companies use its agent platform to run voice and chat agents for support and sales. The company says enterprise customers now bring in most of its revenue.

ForCreatorsEnterprisesPublishersBrands

Products

  • ElevenCreativeWeb tools for creators and marketers: text to speech, voice cloning and design, AI dubbing, music, sound effects, image and video, and the Studio editor.
  • ElevenAgentsPlatform for building, testing and running voice and chat agents for customer support, sales and internal use.
  • ElevenAPIDeveloper access to the company's audio models with low-latency streaming and SDKs.

How it uses AI

  • Own text-to-speech models (Eleven v4 and v4 Turbo released in 2026) working in over 90 languages.
  • Voice cloning, voice design, speech to text, automatic dubbing, music and sound effect generation.
  • Conversational voice agents with turn-taking and enterprise integrations.

Milestones

  1. Company founded; first round raised at a $9M valuation alongside the Eleven v1 model.
  2. $500M Series D led by Sequoia at an $11B valuation.
  3. Multi-year strategic agreement with Universal Music Group.
  4. $300M employee tender values the company at $22B.

Sources

  1. ElevenLabs valuation increases to $22 billion fueled by enterprise demand for conversational agents (opens in a new tab), ElevenLabs, 30 Sep 2026
  2. ElevenLabs raises $500M Series D at $11B valuation (opens in a new tab), ElevenLabs, 4 Feb 2026
  3. ElevenLabs partners with the UK Government to bring voice AI to public services, as it expands London HQ (opens in a new tab), ElevenLabs, 8 Jun 2026
  4. About ElevenLabs (opens in a new tab), ElevenLabs
  5. Pricing (opens in a new tab), ElevenLabs
  6. ElevenLabs doubles valuation to $22bn with tender offer (opens in a new tab), Sifted, 30 Sep 2026
  7. Terms of Service (opens in a new tab), ElevenLabs
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