"ElevenLabs, the AI voice generation startup, crossed $330 million in annual recurring revenue (ARR), CEO Mati Staniszewski said in an interview with Bloomberg. "Really, what this [growth in ARR] shows is that trajectory across the company. We started the company in 2022 and launched the first product in 2023. It took us 20 months to reach $100 million in ARR, 10 months to reach $200 million, and five months to reach the current number," he said."
"Staniszewski mentioned that both Fortune 500 companies and startups are adopting its voice agent technology, which uses company data and knowledge bases to power customer support and customer experience interactions. In a separate post on X, the company noted that enterprises have deployed its technology to handle more than 50,000 calls per month. The startup raised $180 million in Series C funding co-led by a16z and ICONIQ Growth at a $3.3 billion valuation in June 2025."
ElevenLabs reached $330 million in annual recurring revenue after rapid ARR acceleration following its 2022 founding and 2023 product launch. Growth milestones hit $100 million in 20 months, $200 million in 10 months, and $330 million in five months. Fortune 500 companies and startups are deploying its voice agent technology that leverages company data and knowledge bases for customer support and customer experience. Enterprises have used the technology to handle over 50,000 calls per month. The company raised $180 million in Series C at a $3.3 billion valuation and later saw that valuation double after further investor purchases. ElevenLabs also added music creation capabilities and celebrity voice deals.
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