ElevenLabs, the AI voice-generation startup, crossed $330 million in annual recurring income (ARR), CEO Mati Staniszewski stated in an interview with Bloomberg.
“Actually, what this [growth in ARR] reveals is that trajectory throughout the corporate. We began the corporate in 2022 and launched the primary product in 2023. It took us 20 months to achieve $100 million in ARR, 10 months to achieve $200 million, and 5 months to achieve the present quantity,” he stated.
Staniszewski talked about that each Fortune 500 corporations and startups are adopting its voice agent expertise, which makes use of firm information and data bases to energy buyer help and buyer expertise interactions. In a separate post on X, the corporate famous that enterprises have deployed its expertise to deal with greater than 50,000 calls per 30 days.
The startup raised $180 million in Collection C funding co-led by a16z and ICONIQ Growth at a $3.3 billion valuation in January 2025. It then doubled its valuation months later when ICONIQ and one other earlier investor, Sequoia, shelled out one other $100 million to snap up employee shares.
Apart from offering fashions for voice technology and voice brokers, the corporate launched music creation capabilities final 12 months and likewise struck a deal with celebrities reminiscent of Michael Caine and Matthew McConaughey to make use of their voices for AI-generated content material.
