ElevenLabs is an AI audio company founded in 2022 by Mati Staniszewski and Piotr Dabkowski. It is known primarily for expressive text to speech and voice cloning, and also offers speech to text and broader voice AI tools for agents and content creation.
ElevenAgents Architect helps teams create and improve conversational agents through voice or text instructions. It analyzes conversations, proposes changes, and tests drafts through simulations.
ElevenLabs completed a $300 million employee tender offer that values the voice AI company at $22 billion, twice its February valuation.
ElevenLabs CEO Mati Staniszewski says the voice AI company has reached $600 million in annual recurring revenue, with enterprise customers generating more than 55% of the total.
Universal Music Group and ElevenLabs signed a multiyear licensing agreement to create an AI music platform using licensed music and content from participating artists and songwriters.
ElevenLabs has released Music v2, a new version of its AI music generation model that allows songs to switch genres within a track and enables section-by-section editing while maintaining coherence.
ElevenLabs has become the first company to secure AIUC-1 certification and launch an insurance policy covering the actions of its AI voice agents, enabling enterprises to insure against potential AI-related risks.
ElevenLabs has crossed $330 million in annual recurring revenue, according to CEO Mati Staniszewski. The company’s voice AI technology is being adopted by enterprises and startups, handling over 50,000 calls per month.
ElevenLabs is allowing employees to sell shares in a $100 million tender offer, valuing the company at $6.6 billion, double its previous valuation.
ElevenLabs has introduced Scribe, a speech-to-text model supporting 99 languages, aiming to compete with established models like OpenAI's Whisper.
ElevenLabs has introduced a new platform allowing authors to create and publish AI-generated audiobooks on its Reader app, according to TechCrunch. This move follows a recent partnership with Spotify for AI-narrated audiobooks.
Spotify has partnered with ElevenLabs to enhance its AI-narrated audiobook offerings, allowing authors to use ElevenLabs' voice technology to create audiobooks in 29 languages.
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