The CEO of ElevenLabs says the voice AI startup crossed $330 million in revenue last year

AI voice generation startup ElevenLabs has surpassed $330 million in annual recurring revenue (ARR), CEO Matej Staniszewski said in an interview with Bloomberg.

“Really what is this [growth in ARR] This path appears to be across the company. We started the company in 2022 and launched the first product in 2023. It took 20 months to reach $100 million in ARR, 10 months to reach $200 million, and five months to reach the current number.

Both Fortune 500 companies and startups are adopting their own voice agent technology, which uses company data and knowledge bases to power customer support and customer experience interactions, Staniszewski said. In a separate post on X, the company noted that companies have deployed its technology to handle more than 50,000 calls per month.

The startup raised $180 million in Series C funding led by a16z and ICONIQ Growth at a $3.3 billion valuation in June 2025. It then doubled its valuation three months later when ICONIQ and another previous investor, Sequoia, paid another $100 million to snap up employee shares.

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