ElevenLabs Hits $330M ARR, CEO Reveals
▼ Summary
– ElevenLabs, an AI voice generation startup, has achieved over $330 million in annual recurring revenue (ARR).
– The company’s ARR growth accelerated dramatically, taking 20 months to reach $100M, 10 months for $200M, and 5 months to hit $330M.
– Its voice agent technology is used by Fortune 500 companies and startups, handling over 50,000 customer calls monthly for some enterprises.
– The startup raised $180M in a Series C round at a $3.3B valuation in June 2025, then doubled its valuation three months later with a further $100M secondary sale.
– Beyond voice generation, the company has expanded into music creation and secured deals with celebrities like Michael Caine for AI voice use.
The AI voice generation company ElevenLabs has achieved a remarkable financial milestone, surpassing $330 million in annual recurring revenue (ARR). CEO Mati Staniszewski shared this news in a recent interview, highlighting the company’s explosive growth trajectory since its founding in 2022. According to Staniszewski, it took the firm 20 months to reach its first $100 million in ARR, only 10 more months to hit $200 million, and a mere five additional months to climb to the current $330 million figure. This rapid acceleration underscores the surging market demand for advanced AI audio solutions.
A significant driver of this growth is the widespread adoption of ElevenLabs’ technology by major corporations. The CEO noted that both Fortune 500 companies and innovative startups are integrating its voice agent platform. These systems utilize a company’s proprietary data and knowledge bases to enhance customer support and overall user experience. In a related social media post, the company revealed that enterprise clients are now using its technology to manage over 50,000 customer calls every month, demonstrating its scalability and practical application in real-world business operations.
The startup’s financial backing is equally impressive. In June 2025, ElevenLabs secured $180 million in a Series C funding round co-led by Andreessen Horowitz (a16z) and ICONIQ Growth, which valued the company at $3.3 billion. Merely three months later, its valuation doubled when ICONIQ, joined by existing investor Sequoia Capital, invested an additional $100 million to purchase employee shares. This swift revaluation reflects intense investor confidence in the company’s future and its dominant position in the AI voice sector.
Beyond its core voice synthesis and agent products, ElevenLabs has been strategically expanding its creative offerings. Last year, the company introduced new AI-powered music creation tools. It has also entered into high-profile partnerships, securing deals with renowned celebrities like Sir Michael Caine and Matthew McConaughey to license their distinctive voices for use in AI-generated content. These moves position the company not just as a B2B enterprise tool, but as a key player in the evolving landscape of AI-driven media and entertainment.
(Source: TechCrunch)
