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

ElevenLabs, a leading startup in voice AI technology, recently announced that it has surpassed an impressive $330 million in annual recurring revenue (ARR). CEO Mati Staniszewski shared this milestone during an interview with Bloomberg, highlighting the company's rapid growth trajectory since its inception. Founded in 2022, ElevenLabs launched its first product in 2023. According to Staniszewski, the company reached $100 million in ARR within just 20 months. This impressive speed continued as they achieved $200 million in ARR in just 10 months, followed by the current milestone in a mere five months. The adoption of ElevenLabs' voice agent technology is gaining momentum among both Fortune 500 corporations and startups alike, utilizing company data to enhance customer support and interaction experiences. The company reported that its technology is currently managing over 50,000 calls each month for various enterprises. In June 2025, ElevenLabs secured $180 million in Series C funding, co-led by a16z and ICONIQ Growth, propelling the company's valuation to $3.3 billion. Just three months later, this valuation doubled when ICONIQ, along with another early investor, Sequoia, contributed an additional $100 million to acquire shares from employees. In addition to its core offerings in voice generation and agent technology, ElevenLabs has also introduced music creation capabilities and partnered with renowned celebrities like Michael Caine and Matthew McConaughey to feature their voices in AI-generated content.