ElevenLabs CEO Reports $330 Million ARR Milestone
Key Points
- ElevenLabs reports $330 million in annual recurring revenue.
- Reached $100 million ARR in 20 months, $200 million in 10 months, and $330 million in five months.
- Fortune 500 firms and startups are adopting its voice‑agent platform for customer support.
- Enterprises handle over 50,000 calls per month using the technology.
- Closed a $180 million Series C round co‑led by a16z and ICONIQ Growth, valuing the company at $3.3 billion.
- Secured an additional $100 million from ICONIQ and Sequoia, further boosting valuation.
- Launched music‑creation tools and partnered with celebrities like Michael Caine and Matthew McConaughey.
ElevenLabs, the AI voice‑generation startup, announced it has reached $330 million in annual recurring revenue. The company, founded in 2022 and launched its first product in 2023, achieved rapid growth, hitting $100 million ARR in 20 months, $200 million in 10 months and the current level in five months. Fortune 500 firms and emerging startups are adopting its voice‑agent platform, which powers customer support and experience interactions. Enterprises have deployed the technology to handle more than 50,000 calls each month. The firm recently closed a $180 million Series C round co‑led by a16z and ICONIQ Growth, pushing its valuation to $3.3 billion, and later secured an additional $100 million from ICONIQ and Sequoia. ElevenLabs also expanded its offerings with music‑creation tools and celebrity voice partnerships.
Revenue Growth and Milestones
ElevenLabs, an artificial‑intelligence voice‑generation startup, disclosed that its annual recurring revenue (ARR) has surpassed $330 million. The company’s CEO, Mati Staniszewski, highlighted the speed of this expansion, noting that the firm reached $100 million ARR in 20 months, $200 million ARR in 10 months, and the current $330 million ARR in just five months. These figures illustrate a steep upward trajectory since the company’s inception in 2022 and the launch of its first product in 2023.
Enterprise and Startup Adoption
Both Fortune 500 corporations and younger startups are integrating ElevenLabs’ voice‑agent technology into their operations. The platform leverages corporate data and knowledge bases to power customer‑support and customer‑experience interactions. In practice, enterprises have deployed the solution to manage more than 50,000 calls per month, demonstrating substantial real‑world usage and reliance on the technology for high‑volume communication needs.
Funding, Valuation, and Investor Support
In January 2025, ElevenLabs secured $180 million in a Series C financing round co‑led by venture firms a16z and ICONIQ Growth. This round valued the company at $3.3 billion. Shortly thereafter, the valuation doubled when ICONIQ and earlier backer Sequoia contributed an additional $100 million to purchase employee shares. These investments underscore strong confidence from the venture community in the company’s growth prospects and market position.
Product Expansion and Celebrity Partnerships
Beyond its core voice‑generation models, ElevenLabs introduced music‑creation capabilities last year, broadening its creative AI portfolio. The company also forged partnerships with high‑profile celebrities, including Michael Caine and Matthew McConaughey, to license their voices for AI‑generated content. These collaborations enhance the platform’s appeal for content creators seeking premium, recognizable voice assets.
Outlook
ElevenLabs’ rapid revenue growth, expanding customer base, substantial funding, and diversification into music creation and celebrity voice licensing position it as a leading player in the AI voice‑technology market. The company’s trajectory suggests continued scaling of its services across a wide range of industries that demand sophisticated, AI‑driven voice interactions.