--- title: 'ElevenLabs — company profile' canonical: 'https://feeny.ai/companies/elevenlabs' type: 'company' updated: '2026-07-02' --- # ElevenLabs > AI research and product company building foundational audio models for voice synthesis, conversational agents, and creative media generation. - **Website:** https://elevenlabs.io - **Type:** Private (Series D) - **Headquarters:** New York, NY (hubs in London, Warsaw, and San Francisco) - **Founded:** 2022 - **Founders:** Mati Staniszewski, Piotr Dabkowski - **Valuation:** $11B - **Total raised:** $781M - **Latest round:** Series D · $500M · Feb 2026 · $11B valuation - **Investors:** Sequoia Capital, Andreessen Horowitz (a16z), ICONIQ Growth, Lightspeed Venture Partners, BOND, Evantic Capital, BlackRock, Wellington, D.E. Shaw, Schroders, NVIDIA (NVentures), Santander, Smash Capital, Valor Capital, Government of Poland (Vinci / BGK Group), Matthew McConaughey, Jamie Foxx, Eva Longoria - **Business model:** Credit-based freemium SaaS with pay-as-you-go API usage and custom enterprise contracts; sells B2C to creators and B2B to enterprises and developers. - **Industries:** Artificial Intelligence - **Open roles:** 174 - **Profile:** https://feeny.ai/companies/elevenlabs ## What they do ElevenLabs builds its own foundational AI audio models and sells access through three platforms: ElevenAgents (voice and chat agents for enterprises), ElevenCreative (a studio for generating and editing speech, music, sound effects, images, and video), and ElevenAPI (developer access to the underlying models). It started with human-like voice synthesis and has expanded into transcription, music, dubbing, and video across 70-plus languages. ## Overview **The Polish voice startup that became AI audio's default** ElevenLabs started with one narrow bet: that a small team could build a voice model that sounded genuinely human, at a moment when everyone else's synthetic speech still sounded like a GPS unit. It worked. Two Warsaw high-school friends, Mati Staniszewski and Piotr Dabkowski, shipped their first model in January 2023 and turned it into the audio layer under a lot of the internet. The company has since pushed well past voice into music, transcription, video, and conversational agents, and the money has followed. It crossed $500M in annual recurring revenue in early 2026 and raised a $500M Series D at an $11B valuation, roughly tripling its worth in a year. The next question is whether a research shop can hold that lead now that OpenAI, Google, and a wave of latency-focused rivals are all fighting for the same microphone. ## What They Do **One research foundation, three ways to buy it** ElevenLabs builds its own foundational audio models and then sells access to them three ways. ElevenAgents lets businesses deploy voice and chat agents that talk, transcribe, and take action across phone, chat, email, and WhatsApp. ElevenCreative is the studio where creators and marketers generate and edit speech, music, sound effects, images, and video in more than 70 languages. ElevenAPI hands developers the raw models to build with directly. Underneath all three is the same model line: the Eleven text-to-speech family (v3 for expression, Flash for 75ms latency), Scribe for transcription, and newer Music and dubbing models. The pitch is that you can start in a browser and end up shipping the same quality through an API call. ## Problems **Killing the recording studio and the offshore call center at once** The core problem ElevenLabs attacks is that high-quality audio used to require humans in a room: voice actors, sound engineers, translators, and contact-center staff. That made localization slow, dubbing expensive, and content hard to scale across languages. So the product replaces those steps with generation. A creator gets studio-grade narration and dubbing into 70-plus languages without a booth; an enterprise gets voice agents that handle refunds and support calls, and training simulations that stand in for human roleplay. TELUS Digital used the agents to cut onboarding time by 20% and run more than 90,000 training simulations, which is the kind of number that explains the enterprise pull. ### Problems addressed - High-quality voiceover, dubbing, and localization traditionally require studios, voice actors, and translators - Localizing content across dozens of languages is slow and expensive - Contact-center training and staffing don't scale and drive high turnover - Building human-sounding, low-latency voice agents in-house is hard - Making digital content accessible to users with visual or reading impairments ## Who It's For **Solo creators and Fortune 500 CX teams on the same credit meter** ElevenLabs sells to two very different rooms. On one side are creators, podcasters, filmmakers, and audiobook producers who want voiceover, music, and localization without a studio. On the other are enterprises in banking, telecom, healthcare, and retail deploying voice agents for support, sales, and training. What ties them together is a single credit-based platform that scales from a $0 hobbyist plan to custom enterprise contracts. The developer sits in the middle, wiring the models into products through the API, which is why so much of the go-to-market is technical. ### Ideal customer profiles - **CX and contact-center leaders** — Slow, costly agent onboarding and high turnover; Scaling multilingual support without hiring linearly; Deploying voice agents that sound human and stay on policy - **Developers** — Adding lifelike voice and transcription to products fast; Real-time, low-latency audio in conversational apps; Reliable APIs and SDKs for production audio pipelines - **Content creators and marketers** — Producing studio-grade voiceover, music, and video without a studio; Localizing content into many languages quickly; Scaling creative production across formats and markets ## Products **From a text box to a deployed agent, all on one stack** The lineup splits by who is buying. ElevenCreative is the creative workspace, ElevenAgents is the enterprise deployment layer, and ElevenAPI is the developer surface, but they all draw from the same underlying research and the same shared credit pool. The agents product is where the recent momentum is: omnichannel voice and chat, plus testing, guardrails, analytics, and workflow orchestration meant to get an agent into production reliably rather than just demo well. ## Business Model **Freemium credits up top, custom enterprise contracts underneath** ElevenLabs runs on a credit-based subscription model with a genuine free tier and a pay-as-you-go option for API users. Every product, text-to-speech, transcription, music, dubbing, draws from one shared monthly credit pool, so the same balance can be spent anywhere and heavy use in one place starves the others. Paid plans climb from $6 Starter to $990 Business, with Enterprise priced custom for SSO, HIPAA BAAs, higher concurrency, and managed services. Credits roll over up to 3x your monthly quota on paid plans, and annual billing works out to two months free. ### Plans ElevenLabs runs on a shared monthly credit pool that every product draws from, so the same credits can be spent on speech, transcription, music, or dubbing. Paid plans climb from $6 Starter to $990 Business, with a free tier and pay-as-you-go top-ups for API users. Credits roll over up to 3x your monthly quota on paid plans, and annual billing is priced as two months free (pay for 10). - **Free** — $0 · Hobbyists and evaluators Core generation with 10k credits/month, non-commercial only - Text to Speech - Speech to Text - Sound Effects - Voice Design - Music - Image - 3 projects in Studio - 10k credits/month - **Starter** — $6/mo · Individual creators going commercial Commercial license plus instant voice cloning - Commercial license - Instant Voice Cloning - 20 projects in Studio - Dubbing Studio - Image & Video - 30k credits/month - **Creator** — $22/mo · Active content creators Professional voice cloning and extra credits (50% off first month) - Professional Voice Cloning - Additional credits - 121k credits/month - **Pro** — $99/mo · Power users and small studios Higher-fidelity API audio output - 44.1kHz PCM audio via API - 192kbps quality audio - 600k credits/month - **Scale** — $299/mo · Small teams Team collaboration and multiple pro voice clones - 3 workspace seats - Team collaboration - 3 professional voice clones - 1.8M credits/month - **Business** — $990/mo · Growing teams at volume Low-latency TTS and more seats - Low-latency TTS as low as 5c/minute - 10 professional voice clones - 10 workspace seats - 6M credits/month - **Enterprise** — Custom · Large organizations Custom terms, compliance, and scale - Custom DPA/SLA terms - HIPAA BAAs - Custom SSO - Elevated concurrency limits - Fully managed dubbing (Productions) - Priority support - Significant discounts at scale Good to know: Free tier gets no credit rollover; paid plans roll over unused credits up to 3x the monthly quota; Annual billing works out to two months free (pay for 10 months); API pay-as-you-go top-up credits are separate and not subject to the rollover cap; SSO, HIPAA BAAs, and custom SLAs are Enterprise-only; A Startup Grants Program offers 12 months free (up to 33M characters) for eligible startups ## Competition **Leading on quality while rivals chip away at the edges** In the 2026 voice-AI market, ElevenLabs is still the name to beat on overall quality and cloning fidelity, with a v3 model that spans 32-plus languages. But the field has fragmented into specialists: Cartesia undercuts it on latency for real-time agents, Hume targets emotional prosody, and OpenAI and Google now ship credible voice models bundled into their platforms. ElevenLabs' answer is breadth plus a research moat: it owns its models end to end, licenses training data for commercial use, and bundles agents, creative, and API into one stack rather than a single point tool. The risk is that a company selling on quality has to keep winning that comparison every time a rival ships. ### Their edge - **Quality and cloning leader** — Rated top on overall voice quality and cloning fidelity across 32-plus languages, with the expressive Eleven v3 model. - **Owns the full model stack** — Builds its own foundational audio models rather than reselling, and licenses training data for broad commercial use with IP indemnification. - **One platform, three surfaces** — Bundles enterprise agents, a creative studio, and developer APIs on the same research foundation instead of a single point tool. - **Safety as a moat** — A dedicated safety team and multi-layered misuse defenses that competitors and regulators can't easily shortcut. ### Where they're betting - Enterprise voice agents (ElevenAgents) - International go-to-market expansion across a dozen-plus cities - Government and public-sector deals - Expanding beyond voice into music, video, and image - AI safety and provenance leadership ## Proof **The customer logos and the numbers behind them** The proof is in the deployments. NVIDIA used ElevenLabs voice cloning to narrate parts of a Jensen Huang keynote live in English and Mandarin; Toyota ran a Brock Purdy voice campaign that drove more than 12,000 interactions with over 25% converting to action; a customer cut audio-series production costs by up to 90%. The enterprise roster reads like a proof point in itself: Deutsche Telekom, Meta, Klarna, Revolut, Harvey, Chess.com, TIME, and Twilio, which embedded the voices into its ConversationRelay product. The company also serves millions of individual users on the creative side. ## What People Say **Best voices in the game, until the accent slips** Users are consistent on the high point: ElevenLabs makes the most human-sounding voices available, and the API is a favorite for production work. The praise is loudest for English narration, cloning, and dubbing. The complaints are just as consistent. Longer generations can drift, with the voice switching accents or languages mid-passage; non-English quality lags the English bar; support is email-only and slow; and the credit model means real-world bills often run well above the headline monthly price once you factor in regenerations and long-form volume. ## Funding **$781M raised and an $11B valuation to grow into** ElevenLabs closed a $500M Series D in February 2026 at an $11B valuation, more than tripling its worth in a year and bringing total funding to $781M since 2022. Sequoia led, with Andreessen Horowitz and ICONIQ both increasing their stakes, and a long tail of new backers piling in. The cap table is unusually broad for a company this stage: BlackRock, Wellington, and NVIDIA's venture arm alongside celebrities like Jamie Foxx and Eva Longoria, and even the Government of Poland taking a stake through its BGK-backed Vinci fund. CNBC reported the company is already eyeing an IPO. ## Team & Culture **No job titles, IOI medalists, and offsites in Croatia** ElevenLabs is proudly a research-and-product shop that hires for raw ability. The team describes itself as researchers, engineers, and operators, IOI medalists and ex-founders, spread across 30-plus countries with hubs in New York, London, Warsaw, and San Francisco. The operating model is blunt about it: no job titles, impact over role, lean autonomous teams, and AI used across the whole company to move faster. It is remote-first with structured async workflows to keep meetings minimal, offset by an annual company offsite (past ones in Croatia and Italy) and stipends for learning, co-working, and travel to meet colleagues. ## Compensation **Equity across the board, OTE for the sellers** ElevenLabs doesn't publish salary bands on its roles, so the hard numbers stay behind the offer letter. What the postings do make clear is the shape of the package: competitive base plus equity, framed as a chance to own a piece of a fast-growing AI company. Sales roles run on an on-target-earnings structure with a 70% base and 30% variable split, paid quarterly and weighted toward net revenue retention and cross-sell. Freelance creative roles are task-based. Every role is global-first, so pay is benchmarked to talent rather than location. ## Security & Legal **Eleven Labs, Inc., with data-residency controls and a safety team** The registered entity is Eleven Labs Inc., operating through a web of international affiliates in the UK, Poland, India, the Middle East, and Japan. Payments run through Stripe, and the company says it collects publicly available data to train its models. On the enterprise side the controls are real: SOC 2, HIPAA, and GDPR support, single sign-on, audit logs, EU data residency, a new Singapore data-residency option, and Zero Retention modes for stricter customers. A dedicated safety team runs a multi-layered defense against voice-cloning misuse, which for a company in this business is as much a legal necessity as a value. ## In the News **Funding, government deals, and a parade of iconic voices** The recent headlines cluster around three themes: money, geographic expansion, and celebrity voice deals. The Series D and the $500M ARR milestone dominated early 2026, alongside government partnerships with the UK and Poland. The splashier coverage is the voice licensing: deals to recreate Michael Caine, Stan Lee, and Matthew McConaughey (who also joined as an investor), plus a surreal Dial Dali experience that lets callers chat with the artist's recreated voice. It's marketing, but it doubles as a live demo of what the models can do. ### Coverage - [ElevenLabs raises $500M from Sequoia at an $11 billion valuation](https://techcrunch.com/2026/02/04/elevenlabs-raises-500m-from-sequioia-at-a-11-billion-valuation/) — TechCrunch (2026-02-04) - [Nvidia-backed AI voice startup ElevenLabs hits $11 billion valuation in fresh fundraise, as it eyes IPO](https://www.cnbc.com/2026/02/04/nvidia-backed-ai-startup-elevenlabs-11-billion-valuation.html) — CNBC (2026-02-04) - [ElevenLabs crosses $500M ARR and welcomes new investors](https://elevenlabs.io/blog/500m-arr-and-new-investors) — ElevenLabs Blog (2026-05-05) - [The Government of Poland invests in ElevenLabs](https://elevenlabs.io/blog/poland-invests-in-elevenlabs) — ElevenLabs Blog (2026-06-18) - [TELUS Digital cuts onboarding time by 20% using ElevenLabs Agents](https://elevenlabs.io/blog/fuel-ix-telus-digital) — ElevenLabs Blog (2025-12-18) - [How A Tiny Polish Startup Became The Multi-Billion-Dollar Voice Of AI](https://www.forbes.com/sites/iainmartin/2025/12/01/how-a-tiny-polish-startup-became-the-multi-billion-dollar-voice-of-ai/) — Forbes (2025-12-01) - [ElevenLabs AI voice revives Salvador Dali with a surreal twist](https://elevenlabs.io/blog/elevenlabs-revives-salvador-dalis-voice-with-a-surreal-ai-twist) — ElevenLabs Blog (2025-05-01) ## Outlook **Can a research lab hold the lead against the platform giants** ElevenLabs is running fast: $500M ARR growing at roughly 40% a quarter, an $11B valuation, IPO talk, and a global build-out across a dozen new cities. Enterprise voice agents are the engine, and the company is racing to own that category before it becomes a feature inside someone else's platform. The bet for the next few years is whether owning the best models and bundling them into agents, creative, and API is a durable moat, or whether OpenAI and Google eventually make good-enough voice a commodity. The safety and licensing work is the hedge: it's the part rivals can't shortcut, and the part regulators will keep asking about. ## Company details - **Mission:** To make communication and creation with technology seamless. - **Products:** ElevenAgents, ElevenCreative, ElevenAPI, Text to Speech (Eleven v3 / Flash / Multilingual), Scribe, Eleven Music, Dubbing / Productions - **Notable customers:** Deutsche Telekom, Meta, NVIDIA, Toyota, Klarna, Revolut, Harvey, Chess.com, TIME, Twilio, TELUS Digital, Duolingo, Square, MasterClass, Deliveroo, Aston Martin Aramco F1 - **Customer segments:** Enterprises (banking, telecom, healthcare, retail, media), Developers, Creators and content producers, Marketing teams, Government - **Buyers / users:** CX and contact-center leaders, Developers and engineering teams, Content creators and podcasters, Marketing and localization teams, Filmmakers and audiobook producers - **Competitors:** OpenAI (gpt-4o-mini-tts, gpt-realtime), Google (Gemini TTS), Cartesia, Hume, Deepgram, Meta - **What sets them apart:** Owns its foundational audio models end to end rather than reselling someone else's; Rated the leading voice model on overall quality and cloning fidelity across 32-plus languages; Ultra-low latency (75ms) for conversational use cases; Models trained on licensed data with broad commercial licensing and IP indemnification; One stack spanning agents, creative, and API rather than a single point tool; A dedicated safety team and multi-layered misuse defenses - **Tech stack:** Python, AWS, GCP, Kubernetes, Docker, Kafka, Redis, Prometheus, Grafana, React, Stripe, Twilio, Salesforce - **Integrations:** Twilio, WhatsApp, Salesforce, Gong, Sigma, WordPress, Unity, Unreal Engine, Discord ## Open roles (174) - [Account Executive - ElevenCreative - France](https://jobs.ashbyhq.com/elevenlabs/22c99363-40f4-4cf3-9792-2ae0ab1217f5) — France - [NYC Startup Partnerships](https://jobs.ashbyhq.com/elevenlabs/69d7acbb-7a4c-41f2-9b93-6f0bd8efa467) — New York, NY - [B2B Marketing Lead - 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