Archive — US — techcrunch
ElevenLabs CEO says the voice AI startup crossed $330 million ARR last year
ElevenLabs, an AI voice generation startup, achieved over $330 million in annual recurring revenue (ARR) within just two years of its founding. CEO Mati Staniszewski highlighted this rapid growth due to adoption by Fortune 500 companies and startups, with its technology handling over 50,000 calls monthly. The company raised significant funding, recently reaching a valuation of $3.3 billion.
Key points
- Founded in 2022, ElevenLabs launched its first product in 2023.
- Achieved $100 million ARR in 20 months, $200 million in 10 months, and $330 million ARR in 5 months.
- Technology is adopted by both Fortune 500 companies and startups for customer support and experiences.
- Handles over 50,000 calls monthly across various enterprises.
- Raised $180 million in Series C funding co-led by a16z and ICONIQ Growth.
- Valuation increased to $3.3 billion in June 2025 and doubled three months later with further investments.
- Introduced music creation capabilities and celebrity voice partnerships for AI-generated content.
Why it matters
- The trend of AI integration into business operations is accelerating, especially in customer support.
- The rise of voice AI shows significant demand in various industries, aligning with broader IT trends of personalization and automation.
- Funding rounds for AI startups highlight investor confidence in voice technology's future.
ElevenLabs exemplifies the rapid growth of voice AI technology, reflecting a broader trend of AI's integration into business. Its funding successes and product innovation position it well within the evolving landscape of IT trends by 2025.