ElevenLabs valuation soars to $11 billion, cementing its dominance in AI voice technology.
Mati Staniszewski and Piotr Dabkowski's innovative venture has taken the world by storm, revolutionizing the way we interact with artificial intelligence. From powering Matthew McConaughey's personal newsletter to adding audio interfaces to public services for the Ukrainian government, ElevenLabs has made a significant impact on various industries.
The latest milestone in ElevenLabs' journey is a $500 million Series D funding round led by Sequoia, with notable backers like Andreessen Horowitz and Iconic. This influx of capital has propelled the valuation of the company to an impressive $11 billion, more than triple its previous figure of $3.3 billion.
ElevenLabs was founded in 2022 with a focus on text-to-speech AI models, which have since expanded to include features such as conversational technology, dubbing, and sound effects. The duo's expertise has made them among the most dominant players in AI today, with ElevenLabs standing out as the authority in AI voice generation.
The company has seen remarkable growth, with annual recurring revenue exceeding $330 million in 2025, 10% above last year's goal. With fresh funding, Staniszewski and Dabkowski plan to bolster their roster of conversational AI agents, making them faster, more interactive, and more expressive.
ElevenLabs' impact extends beyond the tech industry, with notable clients such as Duolingo, Nvidia, Time Magazine, Meta, Epic Games, Salesforce, and Harvey. The company's Iconic Voice Marketplace has also gained traction in Hollywood, facilitating authorized use of AI-generated celebrity voices.
Staniszewski and Dabkowski are now setting their sights on expanding ElevenLabs into new locations beyond its headquarters in London and New York. The company plans to establish offices in Europe, Asia, Australia, and South America, while aiming to eventually go public.
"We couldn't have imagined the scale and impact we've reached today," said Staniszewski, CEO of ElevenLabs. "Yet we stay hungry, knowing how early this space is, as we build toward IPO and beyond." The duo's vision and dedication have made ElevenLabs a leader in AI voice technology, with no signs of slowing down anytime soon.
Mati Staniszewski and Piotr Dabkowski's innovative venture has taken the world by storm, revolutionizing the way we interact with artificial intelligence. From powering Matthew McConaughey's personal newsletter to adding audio interfaces to public services for the Ukrainian government, ElevenLabs has made a significant impact on various industries.
The latest milestone in ElevenLabs' journey is a $500 million Series D funding round led by Sequoia, with notable backers like Andreessen Horowitz and Iconic. This influx of capital has propelled the valuation of the company to an impressive $11 billion, more than triple its previous figure of $3.3 billion.
ElevenLabs was founded in 2022 with a focus on text-to-speech AI models, which have since expanded to include features such as conversational technology, dubbing, and sound effects. The duo's expertise has made them among the most dominant players in AI today, with ElevenLabs standing out as the authority in AI voice generation.
The company has seen remarkable growth, with annual recurring revenue exceeding $330 million in 2025, 10% above last year's goal. With fresh funding, Staniszewski and Dabkowski plan to bolster their roster of conversational AI agents, making them faster, more interactive, and more expressive.
ElevenLabs' impact extends beyond the tech industry, with notable clients such as Duolingo, Nvidia, Time Magazine, Meta, Epic Games, Salesforce, and Harvey. The company's Iconic Voice Marketplace has also gained traction in Hollywood, facilitating authorized use of AI-generated celebrity voices.
Staniszewski and Dabkowski are now setting their sights on expanding ElevenLabs into new locations beyond its headquarters in London and New York. The company plans to establish offices in Europe, Asia, Australia, and South America, while aiming to eventually go public.
"We couldn't have imagined the scale and impact we've reached today," said Staniszewski, CEO of ElevenLabs. "Yet we stay hungry, knowing how early this space is, as we build toward IPO and beyond." The duo's vision and dedication have made ElevenLabs a leader in AI voice technology, with no signs of slowing down anytime soon.