ElevenLabs, an AI voice generation company, has achieved over $330 million in annual recurring revenue, according to CEO Mati Staniszewski. He highlighted the company's rapid growth trajectory, noting that it was founded in 2022 and launched its first product in 2023. The startup reached $100 million in ARR within 20 months, then accelerated to $200 million in just 10 more months, and hit its current revenue level only five months after that.

Staniszewski pointed out that their voice agent technology, which leverages company data and knowledge bases to enhance customer support and experience, is being adopted by both Fortune 500 companies and emerging startups. In a separate announcement, the company revealed that enterprise clients are using its technology to manage more than 50,000 calls each month.

On the funding front, ElevenLabs secured $180 million in a Series C round co-led by a16z and ICONIQ Growth in June 2025, achieving a valuation of $3.3 billion. Just three months later, its valuation doubled when ICONIQ and existing investor Sequoia invested an additional $100 million to acquire employee shares.

Beyond voice generation and voice agents, the company expanded into music creation capabilities last year. It has also entered into agreements with well-known figures like Michael Caine and Matthew McConaughey to license their voices for AI-generated content.