ElevenLabs has surpassed $330 million in annual recurring revenue, marking rapid growth for the AI voice-generation company, according to CEO Mati Staniszewski. Founded in 2022, the startup launched its first product in 2023 and has accelerated quickly, reaching $100 million in ARR within 20 months, doubling that figure in the following 10 months, and adding another $130 million in just five months.
ElevenLabs said its voice AI technology is being adopted by both Fortune 500 companies and startups, with enterprise customers using its voice agents to manage large-scale customer interactions. The company reported that its systems now handle more than 50,000 calls per month across deployed enterprise environments.
The milestone follows a $180 million Series C round in January 2025, co-led by Andreessen Horowitz and ICONIQ Growth, valuing the company at $3.3 billion, with a subsequent secondary transaction increasing that valuation. In addition to voice generation and agents, ElevenLabs has expanded into music creation and licensed celebrity voices, including Michael Caine and Matthew McConaughey, for AI-powered content.
