ElevenLabs CEO Says Voice AI Startup Surpassed $330M in Annual Recurring Revenue

AI voice-generation startup ElevenLabs generated more than $330 million in annual recurring revenue last year, according to its chief executive officer, Mati Staniszewski, who shared the figures in an interview with Bloomberg.

We closed 2025 at over $330M ARR - driven by our customers’ trust and impact.@matiii joined @Bloomberg earlier today to talk about the work we do with enterprises, our recent research release, and what’s next. pic.twitter.com/26rkaTCG3W — ElevenLabs (@elevenlabsio) January 12, 2026

Staniszewski said the milestone reflects the company’s rapid growth since its founding. ElevenLabs was established in 2022 and released its 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, describing the acceleration in revenue growth.

He added that ElevenLabs’ voice agent technology is being adopted by a wide range of customers, from startups to Fortune 500 companies. The company’s voice agents draw on internal company data and knowledge bases to support customer service and customer experience operations. In a separate post on X, ElevenLabs said that enterprises using its technology collectively handle more than 50,000 calls per month.

The company raised $180 million in Series C funding in January 2025 at a $3.3 billion valuation. The round was co-led by Andreessen Horowitz and ICONIQ Growth. A few months later, ElevenLabs doubled its valuation after ICONIQ and existing investor Sequoia Capital invested an additional $100 million to purchase shares from employees.

In addition to its core voice generation and voice agent offerings, ElevenLabs expanded into music creation tools last year. The company has also signed agreements with well-known actors, including Michael Caine and Matthew McConaughey, allowing their voices to be used in AI-generated content.