Voice & audio AI
ElevenLabs
Voice-AI company whose speech synthesis and cloning technology has become the default audio layer for AI products, from audiobooks to dubbing to conversational agents.
- Founded
- 2022
- Based in
- London, United Kingdom
- Stage
- Growth
- Business model
- API / developer platform, Consumer subscription, Enterprise contracts
- Record
- VerifiedChecked 24 September 2026
What ElevenLabs does
ElevenLabs was founded in 2022 by Piotr Dąbkowski (previously on Google's machine learning team) and Mati Staniszewski, initially to build higher-quality automated dubbing, before their underlying text-to-speech technology became the product itself. Its voice synthesis and voice-cloning tools are now embedded across a wide range of AI products - narration, dubbing, conversational voice agents and accessibility tools among them - to the point that "sounds like ElevenLabs" has become a informal industry reference point for synthetic voice quality.
The company's Series D, closed in stages through 2026, valued it at $11 billion - more than triple its valuation a year earlier - with participation from an unusually broad mix of venture, sovereign and strategic investors including Nvidia, Salesforce and several major European telecoms and banks.
- Speech & voice synthesis
- Developer APIs & tooling
Runs it
- Mati StaniszewskiCo-founder & CEO
- Piotr DąbkowskiCo-founder & CTO
ElevenLabs
Growth
Funds it
- Sequoia Capital
- Andreessen Horowitz
- ICONIQ
- Nvidia (via NVentures)
- BlackRock
What it builds
ElevenLabs Text to Speech
Speech synthesis and voice-cloning API.
elevenlabs.io (opens in a new tab)ElevenLabs Dubbing
Automated multilingual video dubbing product.
Conversational AI
Voice agent platform for building spoken AI assistants.
Who runs it
Founders
Mati Staniszewski
Co-founder & CEO
Piotr Dąbkowski
Co-founder & CTO
Previously on Google's machine learning team.
Leadership
Mati Staniszewski
Chief Executive Officer
Who funds it
- Total raised
- $781 million across five rounds since 2022
- Valuation, as of Feb 2026
- $11 billion
Rounds on record
Series D
$500 million
Led by Sequoia Capital
techcrunch.com/2026/02/04/elevenlabs-raises-500m-from-sequioia-at-a-11-billion-valuation (opens in a new tab)
Investors
- Sequoia Capital
- Andreessen Horowitz
- ICONIQ
- Nvidia (via NVentures)
- BlackRock
What it has done
Raises $500 million Series D at $11 billion valuation
ElevenLabs raised $500 million led by Sequoia Capital, more than tripling its valuation from a year earlier; the round was later extended with participation from BlackRock, Wellington, D.E. Shaw and Nvidia among others.
techcrunch.com/2026/02/04/elevenlabs-raises-500m-from-sequioia-at-a-11-billion-valuation (opens in a new tab)