ElevenLabs was founded in 2022 by Piotr Dabkowski and Mati Staniszewski, both originally from Poland, with headquarters in New York and London. The company develops AI voice technology that produces remarkably natural-sounding speech from text.
ElevenLabs raised over $100 million, including an $80 million Series B in early 2024 at a $1.1 billion valuation, reaching unicorn status. Investors include Andreessen Horowitz, Nat Friedman, and Daniel Gross.
The platform’s core products include text-to-speech API, voice cloning (users can replicate a voice from just a few minutes of audio), voice-to-voice conversion, and a dubbing tool that translates video content into multiple languages while preserving the original speaker’s voice characteristics.
ElevenLabs serves over a million users, from individual content creators to enterprise customers in publishing, gaming, and media. The company’s voices are widely used in podcasts, audiobooks, social media content, and customer service applications.
The company has built a Voice Library marketplace where users share and discover AI voices. To address deepfake concerns, ElevenLabs implements safety measures including a no-go voice detection system and requires consent verification for voice cloning. They employ around 200 people across their US and European offices.
