ElevenLabs CEO says the voice AI startup crossed $330M ARR last year

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 January 2025. It then doubled its valuation months later when ICONIQ and another earlier investor, Sequoia, shelled out another $100 million to snap up employee shares.

Besides providing models for voice generation and voice agents, the company launched music creation capabilities last year and also struck a deal with celebrities such as Michael Caine and Matthew McConaughey to use their voices for AI-generated content.