ElevenLabs, a leading startup in AI voice generation, has achieved a remarkable milestone by surpassing $330 million in annual recurring revenue (ARR), according to CEO Mati Staniszewski in a recent interview with Bloomberg.
Since its inception in 2022, ElevenLabs has demonstrated impressive growth, launching its first product in 2023. In just 20 months, the company reached its initial $100 million in ARR, followed by its $200 million milestone just 10 months later, and now the latest figure within a remarkably short span of five months.
Staniszewski highlighted that their voice agent technology is gaining traction among a diverse range of users, from Fortune 500 companies to startups. This innovative technology leverages company data and knowledge bases to enhance customer support and improve overall customer experience. The company recently reported that enterprises are utilizing its technology to manage over 50,000 calls monthly.
In June 2025, ElevenLabs secured $180 million in Series C funding, co-led by a16z and ICONIQ Growth, which valued the company at $3.3 billion. Just three months later, its valuation soared as ICONIQ and Sequoia invested an additional $100 million for employee shares.
In addition to voice generation and agent models, ElevenLabs has expanded its offerings by introducing music creation capabilities and forming partnerships with celebrities like Michael Caine and Matthew McConaughey to produce AI-generated content using their voices.
Key Highlights:
– Surpassed $330 million in ARR
– From inception in 2022 to product launch in 2023
– Rapid ARR growth: $100M in 20 months, $200M in 10 months, $330M in 5 months
– Technology used by Fortune 500 firms and startups for customer interactions
– $180 million Series C funding in June 2025, valued at $3.3 billion
– Additional $100 million raised three months later for employee share acquisition
– Launched music creation and celebrity collaborations for AI-generated voice content
