TL;DR
ElevenLabs CEO Mati Staniszewski told Bloomberg the voice AI startup reached $330 million in ARR after rapid, successive jumps over 2024–25. The company has broadened offerings to include voice agents and music generation and has enterprise deployments handling tens of thousands of calls monthly.
What happened
ElevenLabs said it exceeded $330 million in annual recurring revenue, according to CEO Mati Staniszewski in an interview with Bloomberg. The company — founded in 2022 and which launched its first product in 2023 — described a fast acceleration in revenue milestones: about 20 months to hit $100 million ARR, 10 months to reach $200 million, and five months to arrive at $330 million. ElevenLabs has expanded its product set beyond voice generation to voice agents that can tap company data and knowledge bases to support customer interactions, and added music creation tools last year. The startup also publicized enterprise usage on social media, saying its technology handles more than 50,000 calls per month for deployed customers. Funding activity includes a $180 million Series C co-led by a16z and ICONIQ Growth at a $3.3 billion valuation in June 2025, followed by a secondary share purchase by ICONIQ and Sequoia that the company said doubled its valuation three months later.
Why it matters
- Rapid ARR growth signals strong enterprise demand for voice AI products across large corporations and smaller firms.
- Deployment figures (50,000+ calls/month) suggest voice agents are moving from pilot projects to production use.
- Recent funding and secondary transactions underline investor confidence and the startup’s access to capital for scaling.
- Expansion into music creation and celebrity voice deals point to broader commercial applications beyond customer support.
Key facts
- ElevenLabs reported $330 million in annual recurring revenue (ARR), per CEO Mati Staniszewski.
- Company timeline: founded in 2022; first product launched in 2023.
- Revenue milestone cadence: 20 months to $100M ARR, 10 months to $200M, 5 months to $330M.
- Enterprises deploying ElevenLabs’ voice technology reportedly handle more than 50,000 calls per month.
- Series C: $180 million raised in June 2025, co-led by a16z and ICONIQ Growth at a $3.3 billion valuation.
- Three months after the Series C, ICONIQ and Sequoia bought employee shares for $100 million, a move the company said doubled its valuation.
- Product expansion includes voice generation, voice agents that use company data and knowledge bases, and music creation capabilities.
- ElevenLabs has secured deals to use celebrity voices, including Michael Caine and Matthew McConaughey, for AI-generated content.
What to watch next
- Customer growth and retention among Fortune 500 firms and startups — specific customer names and contract terms are not confirmed in the source.
- Regulatory or licensing outcomes tied to celebrity voice deals and broader voice cloning use — not confirmed in the source.
- How ElevenLabs plans to deploy the fresh capital and whether it will pursue additional product verticals or geographic expansion — not confirmed in the source.
Quick glossary
- Annual Recurring Revenue (ARR): A metric that annualizes subscription and recurring revenue to show predictable income from customers over a year.
- Voice agent: An AI-driven system that handles spoken interactions with users, often for customer support or automated assistance.
- Series C: A later-stage funding round where a company raises capital from venture firms or growth investors to scale operations.
- Secondary share purchase: A transaction where investors buy existing shares from company insiders or employees rather than new shares issued by the company.
Reader FAQ
Did ElevenLabs actually reach $330 million ARR?
Yes. CEO Mati Staniszewski reported the company crossed $330 million in ARR in an interview with Bloomberg.
How fast did ElevenLabs grow to that level?
The company says it took 20 months to reach $100M ARR, another 10 months to $200M, and five months to reach $330M.
Are large companies using ElevenLabs’ technology?
The CEO said both Fortune 500 companies and startups are adopting its voice agent technology; specific company names are not confirmed in the source.
What funding has ElevenLabs received recently?
ElevenLabs raised $180 million in a Series C co-led by a16z and ICONIQ Growth at a $3.3 billion valuation in June 2025, and later reported a secondary purchase of employee shares by ICONIQ and Sequoia that doubled its valuation.
IN BRIEF Posted: 8:15 AM PST · January 13, 2026 IMAGE CREDITS: ELEVENLABS Ivan Mehta ElevenLabs CEO says the voice AI startup crossed $330 million ARR last year ElevenLabs, the…
Sources
- ElevenLabs CEO says the voice AI startup crossed $330 million ARR last year
- ElevenLabs Surpasses $330M ARR: AI Voice Technology …
- Vibe-coding startup Lovable raises $330M at a $6.6B …
- The Twenty Minute VC (20VC): Venture Capital | The Pitch
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