POLICY · COMPANIES · #978
ElevenLabs reportedly valued at $22B as CEO discusses $600M ARR, enterprise use and AI disclosure
ElevenLabs, a startup that builds text-to-speech voice models used by enterprises and creators, is reportedly valued at $22 billion by investors while the company says it is pacing at $600 million in ARR and that over 55% of revenue is enterprise. CEO Mati Staniszewski told TechCrunch that ElevenLabs serves customers including Klarna, Deutsche Telekom, Cisco and governments, faces competition from firms like Decagon, and favors disclosing AI agents to users today.
KEY POINTS
- ElevenLabs, a startup that builds text-to-speech voice models used by enterprises and creators, is reportedly valued at $22 billion by investors while the company says it is pacing at $600 million in ARR and that over 55% of revenue is enterprise.
- CEO Mati Staniszewski told TechCrunch that ElevenLabs serves customers including Klarna, Deutsche Telekom, Cisco and governments, faces competition from firms like Decagon, and favors disclosing AI agents to users today.
- The news matters because ElevenLabs is a major provider of the voice layer for conversational AI, and a large reported valuation plus strong ARR signals investor confidence and competitive dynamics as voice models proliferate among customers and rivals.
WHY IT MATTERS
The news matters because ElevenLabs is a major provider of the voice layer for conversational AI, and a large reported valuation plus strong ARR signals investor confidence and competitive dynamics as voice models proliferate among customers and rivals.